Hiscox bemoans 'costliest year ever'
Specialist insurer and reinsurer Hiscox was stung by a pre-tax loss of £85.6m (2010: £97.2m profit) in the first half of the year but claims to be "heading towards the sunny uplands of profit".
The insurer described 2011 to date as the "costliest year ever for the industry" due to nature, accidents, human error and malevolence. It suffered losses from earthquakes in New Zealand and Japan
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