Chairman's wife sells Hiscox shares
A round-up of the biggest director deals today so far.
The wife of specialist insurance firm Hiscox's chairman Robert Hiscox has pocketed more than £80,000 from the sale of shares in the company.
Julia Hiscox offloaded 20,000 at 411p a time. The announcement of the sale comes the week after the Bermuda-based company said Robert Hiscox sold 56,398 shares at just over 410.5p a time. Both sales were made on 3 May.
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The company, whose specialist areas include the art market, said claims estimates for the 2011 New Zealand earthquake and Queensland, Australia floods remained unchanged at £60m and £15m respectively.
This estimate is based on an insured market loss of US$10 billion for the New Zealand Earthquake and US$2.4bn for the floods in Queensland.
Hicox remains uncertain over costs resulting from the Japanese earthquake but estimates that based on an insured market loss of approximately US$24bn, it could incur net claims of between $60 million and $150m.
Robert Hiscox joined the company, which was founded by his father Ralph, in 1965. He has been chairman of the main holding company since 1973.
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Paragon Diamonds (PRG) Director name: Mr Francesco (Frank) ScolaroAmount purchased: 250,000 @ 34.50p Value: £86,250
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Associated British Foods (ABF) Director name: Mr Javier FerranAmount purchased: 1,000 @ 1,013.56p Value: £10,136
Top Director Sells
Director name: Mrs Julia Hiscox (HSX)Amount sold: 20,000 @ 4,11p Value: £82,200
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