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Hiscox posts 75% combined ratio for H1

Bronek Masojada

Hiscox has beaten analyst expectations to post a combined ratio of 75% for the first six months of 2013.

The insurer's interim pre-tax profit of £181m also beat the consensus, up from £125.8m in the same period in 2012.

The strong result was aided by reserve releases of £74m (H1 12: £116m), equal to 11.7

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