Hiscox posts 'record' 2016 as UK and Europe profits double
Insurer Hiscox has reported a "record" profit of £354m for 2016, an increase of 64%, driven by a benign claims environment and strong investment return.
The insurer saw gross written premium growth of 23.6% over 2016, reaching £2.4bn. The combined ratio for the group was 84.4%, down 0.6% from 2015's 85.0%.
Hiscox UK and Europe double profits. The
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