Hiscox UK reports best growth since 2018 on back of “reinvigorated” distribution strategy
Hiscox has recorded its strongest growth in its UK retail business since in 2018 as the group reported a record pre-tax profit of $685.4m (£540.6m) in its 2024 full year results on written premiums of $4.77bn.
The overall group retail business wrote premiums of $2.5bn (2023: $2.36bn) and recorded a pre-tax profit of $298.5m (2023: $256.0m) with a combined ratio of 88.9% (2023: 91.8%).
Asked how much rate had played a part in its record result Hiscox chief underwriting officer Joanne Musselle, pictured, told Insurance Age: “Not a lot actually. If you look at retail we always talk about it being less cyclical with pretty consistent rating.
“And yet we have put through rate in the last few years because of
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