Hiscox profits dive 61% in 2019
Hiscox Group has reported a slump in pre-tax profits to $53.1m (£41.6m) in 2019 as catastrophe costs of $165m took their toll despite a significant rise in investment income.
The group confirmed previously flagged claims from Hurricane Dorian and Typhoons Faxai and Hagibis along with $25m of reduced fees and profit commissions as being behind the drop in profits from $135
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