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Hiscox Ltd

Hiscox Ltd Reported good growth in all segments

Hiscox Ltd (LON:HSX), the international specialist insurer, today issued its trading statement for the first nine months of the year to 30 September 2018.

Gross written premiums increased by 14.3% to $3,043.1 million (2017: $2,663.2 million), with good growth reported in all segments.

Bronek Masojada, Chief Executive Officer of Hiscox, commented: “We have had strong growth, but as the market remains challenging, we will remain disciplined, and I expect our growth to moderate over the balance of the year. It has been an active third quarter for claims across the Group, both from large losses and catastrophes, and I am pleased with how we have responded.”

“Hiscox Retail continues to benefit from investment in the brand, and we were pleased to welcome our one millionth retail customer. Our new European subsidiary is fully operational and expected to start writing business from 1 January 2019.”