Home Financial News Hiscox reports a growth with a premium income up 31.7% to £1,212.2...

Hiscox reports a growth with a premium income up 31.7% to £1,212.2 million

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Hiscox Ltd, the international specialist insurer, today issues its Interim Management Statement for the first nine months of the year to 30 September v2009.

The Group continues to thrive with good growth. Overall year to date premium income was up 31.7% to £1,212.2 million (2008: £920.1 million). At constant exchange rates year on year growth was 10.5%.

Robert Hiscox, Chairman, commented:

“Hiscox is in good health.  We have continued to benefit from solid investment decisions and have maintained growth in our most profitable underwriting lines.  Rates are stable and still very healthy in most areas, particularly reinsurance which accounts for over a third of our business. Our mix of business is designed for these market conditions.”

To read the full interim result click here

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