Rate rises fuel premium income growth for Hiscox

2020-11-02T08:31:00

The insurer also saw no further rises in its Covid-19 claims estimate

Hiscox has recorded a positive third quarter, with a growth in premiums fuelled by rate rises and no worsening of its Covid-19 claims liabilities, it said in a trading update posted today.

The insurer said that premium income had grown 15% in constant currency over the latest quarter, while its Covid-19 claims estimate remained unchanged at $387m net of reinsurance.

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