Mother nature gives Hiscox a break, profits up

Hiscox, the FTSE 250 speciality insurer, is thanking its lucky stars for a first six months of the year that saw no major catastrophes, allowing it to turn a loss in 2011 to an impressive profit in 2012.

Hiscox, the FTSE 250 speciality insurer, is thanking its lucky stars for a first six months of the year that saw no major catastrophes, allowing it to turn a loss in 2011 to an impressive profit in 2012.

The company, which is headquartered in Bermuda, wrote gross premiums totalling £906.4m in the six months to the end of June, the figure at the same point last year was £847.5m.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up
MoneyWeek

MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.