Despite cat losses equivalent to 22.5 percent of net tangible assets, Hiscox succeeded in booking £17.3mn of pre-tax profits as its retail diversification strategy and one-off reserve releases came to the rescue.
Despite cat losses equivalent to 22.5 percent of net tangible assets, Hiscox succeeded in booking £17.3mn of pre-tax profits as its retail diversification strategy and one-off reserve releases came to the rescue.