Hiscox reserved $165m to cover Dorian, Faxai and Hagibis claims
Hiscox has reserved $165m (£97m) to cover claims from Hurricane Dorian and Typhoons Faxai and Hagibis, while reporting it expects to see fees and profit commissions dip $25m.
Hiscox reserved the figure based on an insured market loss of $8bn for Hurricane Dorian, $10bn for Typhoon Faxai, and $15bn for Typhoon Hagibis, according to its third quarter trading update.
The
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