Hiscox’s UK & London Markets’ GWP drops for 2022 but sectors stay profitable

Hiscox offices

Hiscox’s UK and London Markets businesses both dropped gross written premium in real terms but continued profitability, as the insurer announced the launch of an ESG sub-syndicate.

London Market

In its full year 2022 financial results, Hiscox said its London Market business’s GWP declined 4.8% to $1.1bn (£917.5m), which it claimed is mainly due to the “underwriting actions

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