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Retail expansion key as Hiscox remains cautious

Bronek Masojada

Hiscox plans to continue expanding its UK, mainland Europe and US retail businesses despite adopting a cautious outlook for the second half of 2010.

The Bermuda-headquartered insurer reported a pre-tax profit of £97.2m for the first six months (H1 2009: £141.4m) on flat gross written premium of £904.3m (H1 2009: £906.0m), following an

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