Hiscox CEO hails positive results as broker channel grows
Bronek Masojada, Hiscox CEO, has praised a “good set of results” for the first six months of 2013, which he said represented a step forward for the company.
Masojada stated: “We are really pleased with the aggregate growth. The combined operating ratio (COR) at 75% is at a very good level and the dividend has gone up.
“I think the message is that all of our retail businesses have taken a big step forward.”
Masojada singled out the retail space in particular as showing some "pretty positive" signs of growth.
He admitted that the insurer had “been lucky to an extent” with regards to its COR improvement, as there had been no major freezes or flooding
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