Hiscox swings to loss as pandemic-linked claims bite | 3 March 2021
Hiscox swings to loss as pandemic-linked claims bite
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Hiscox swings to loss as pandemic-linked claims bite
3 March 2021 | 08:42am StockMarketWire.com - UK stocks opened more than 1% higher on Wednesday as progress on Covid vaccines and US stimulus continued to fuel hopes the global economy was on the mend. At 0825, the benchmark FTSE 100 index was up 70.78 points, or 1.1%, at 6,684.62. Insurance company Hiscox tumbled 13% to 856.79p after it swung to a $268.5 million annual pre-tax loss, driven by event cancellation and business interruption claims owing to the pandemic. Hiscox said it decided not to declare a final dividend, but would consider resuming payments in 2021 when it published int...
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