Quake rates double but premiums down at Hiscox

The specialist insurer, Hiscox, claims it has kept some powder dry during the first three months of 2012, after reporting lower income from premiums for the quarter.

The specialist insurer, Hiscox, claims it has kept some powder dry during the first three months of 2012, after reporting lower income from premiums for the quarter.

Total gross written premiums up to the end of March were £450.7m against the £453.5m seen at the same point of 2011 but Hiscox says it withheld some insurance capacity in the first quarter "anticipating better rates and terms later in the year".

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