Premiums rise at Hiscox UK but dip in London market
Hiscox UK has increased gross written premiums (GWP) by 13.4% but witnessed a decline of over £20m in its London market business for the first nine months of the year.
Premiums in the UK business now stand at £280m (2010: £249.1m) the growth being attributed to the direct business and the ongoing underwriting partnership with Dual.
No indication of the profit generated by these premiums was given by Hiscox.
The insurer said the premium reduction in the London market business to £475.3m (2010: £495.8m) was planned and that as reinsurance remained its largest line of business, the company would continue to make the most of improving rates in this area.
Overall
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