Profits at Hiscox treble as insurer completes preparation for Brexit

Hiscox offices

Hiscox reported a 250% rise in its 2018 profit, following its move to exit from unprofitable areas in the London market business.

The group delivered a pre-tax profit of $137.4m (£105.2m) for the 12 months ended December 31 from $39.7m a year earlier, and a combined ratio of 94.9%.

The firm’s London market was the “standout

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