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Hiscox redomicile plan moves closer

Hiscox today said that work has progressed with regards to moving its domicile to Bermuda. "Work has progressed on the move and we will make a more detailed statement on this at the time of the half-year results," the insurer continued.

In an AGM statement Hiscox also said the group's gross written premium to end May 2006 had increased 30% against 2005 to over £500m with overall exposure remaining static. There have been no material

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