Hiscox
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Beazley, Hiscox and Lancashire all grew in Q1 despite widespread rate decreases. -
Plus, the latest people moves and all the top news of the week.
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The executive also addressed the impact of the US tariffs.
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The carrier reported a 3% price reduction across London market business.
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The executive joins from the London Stock Exchange.
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Hiscox, Beazley and Lancashire all reported top line growth, but ROEs dipped in an active wind season.
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Several underwriters left Hiscox’s property D&F team last year to join MGA Velocity.
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The result is 1.1 points ahead of the midrange of a 6.4%-16.4% forecast.
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Conditions in the London market remain attractive according to CEO Aki Hussain.
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Lloyd’s CEO pay is lowest compared to major LSE-traded specialty insurers by a considerable margin.
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The carrier announced a $175mn share buyback.
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