Hiscox achieves tenfold increase in H1 profits

Aki Hussain, CEO, Hiscox

Aki Hussain, group chief executive of Hiscox, has revealed how a decision to preserve capital over the last few years has paid off with bumper profits at the start of 2023.

Hiscox posted a pre-tax profit of $265m (£207.8m) in the first half of 2023, a sharp increase on the $25m (£19.6m) posted for the first half of 2022, boosted by rising premium rates plus the ability

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