S&P positive on Hiscox Insurance
Standard & Poor's has revised the outlook on the long-term counterparty credit and insurer financial strengths ratings of Hiscox Insurance, the UK operating entity of Bermuda-based Hiscox Group (Hiscox), to positive from stable. The rating agency said this reflected the enhanced strategic flexibility afforded the group by its improved competitive position. At the same time, it affirmed the 'A-' ratings.
"The ratings reflect the group's strong competitive position, strong capitalization, and strong recent operating performance," said Standard & Poor's credit analyst Nigel Bond.
"Offsetting these
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