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Market must use consortium model to attack expense base, says Hiscox chair

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Carriers in the London market must work together in consortiums to spread risk, combat rising expenses ratios and mitigate underwriting pressures, Hiscox chairman Robert Childs said.

In 2016 Hiscox formed a $1bn fine art consortium, the result of a collaboration with Ascot. In July this year the carrier teamed up with Beasley on an employment risk consortium to provide additional

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