Hiscox Ltd

The 4.6% decline in Hiscox Global Markets division’s gross premium income in 2007 was entirely due to Dollar/Pound currency translation losses. In US Dollar terms, the division’s gross premium income actually increased by 2.0%

The Bermuda based insurance and reinsurance group Hiscox Ltd increased gross premium income by 6.5% from just over £1.1bn in 2006 to just under £1.2bn in 2007. This increase in business volume represents a marked slowdown over the previous year when Hiscox’s gross premium income increased by nearly a third.