Hiscox sees rates rises in excess of 50%
Hiscox this morning reported premium income was up 51% to £486.5 million (2008: £321.3 million) for the first three months of 2009. At constant exchange rates year on year growth was 25%.
In a statement the insuranc e group said: "Catastrophe exposed reinsurance is the largest line of business for Hiscox and rates for US hurricane exposed areas are very firm, having seen increases
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