Hiscox to ‘shrink’ London Market business in response to rate pressure
Hiscox is “actively reducing” its aviation, marine and energy business in the London Market, in response to severe rate pressure.
The insurer said it expects its business to "shrink materially" in 2017, even as it posted Q3 gross written premiums growth in London of 9.3%, to £520.2m from £442.4 in the same period last year.
Howe
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