Hiscox COR soars to 114.6% and losses hit $138.9m
The provider has also reserved $232m for Covid-19 related claims as it reports H1 2020 numbers.
Hiscox has reported a group loss of $138.9m (£106m) compared to a profit of $168.0m in the same period last year.
The COR also deteriorated to 114.6% after H1 2019 saw it record a sub-100% figure of 98.8%.
GWP also fell to $2.23bn from $2.33bn in the first half of 2019.
Bronek Masojada, chief executive officer, Hiscox, commented: “The dedication of our people around the world has enabled the business to respond to the challenges of this global pandemic and to deliver a resilient performance
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