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Hiscox London market CFO quits after a year; replacement from Aspen
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Hiscox boosts profit in first half of 2021
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Hiscox Q1 Overall Growth Offsets U.S., Cyber Repositionings May 5, 2021
Hiscox Ltd reported gross written premiums up 6.3% to $1,256.6 million, with growth in Hiscox London Market, Hiscox Europe and direct and partnerships business more than offsetting planned reductions in the U.S. broker channel.
In Hiscox Retail, gross premiums up 8.6% in a challenging operating environment. That included UK Retail with premiums up 8.2%, reflecting strong renewals and growing customer numbers.
Hiscox Europe was up 20.4% led by Germany, Benelux and Iberia.
Hiscox London Market benefitted from favourable rate momentum, with rates up 13% across the portfolio and premiums up 9.3%.
The insurer said it has made good progress in repositioning its U.S. broker portfolio.
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Patel joined the insurer in 2013 and has worked across operations, finance and sales with roles in both the Hiscox Retail business units (Hiscox UK and Direct Asia) and Hiscox London Market.
In 2018
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