Hiscox London Market reported ICWP of $329.7 million, a 4.0% increase from $316.9 million last year. Growth came from property, marine, energy, and specialty classes. Rates across the segment declined by 3% for the first time since 2017 but remained 69% higher than 2018 levels. The property division benefited from previously written binders and new deals, while marine, energy, and specialty gained new construction business.
Hiscox maintains wildfire reserve levels while Retail and Re & ILS advance
- Niki Wilson
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