Market must use consortium model to attack expense base, says Hiscox chair
Carriers in the London market must work together in consortiums to spread risk, combat rising expenses ratios and mitigate underwriting pressures, Hiscox chairman Robert Childs said.
In 2016 Hiscox formed a $1bn fine art consortium, the result of a collaboration with Ascot. In July this year the carrier teamed up with Beasley on an employment risk consortium to provide additional
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