Join our community of smart investors

Hiscox pays the Covid price

Over $492m set aside to cover claims related to a supreme court ruling over business interruption insurance
Hiscox pays the Covid price

There were signs of a recovery of sorts for Hiscox (HSX) in its latest interim results after the insurer saw few significant man-made or natural disasters during the half and confirmation that rates across many of its business lines were hardening significantly. The return of dividends also helped the mood music for investors after an income drought. However, the most interesting information was how much the group will have to pay to settle the rancorous dispute over its refusal to pay out on business interruption policies triggered by the pandemic.

To continue reading...
Join our Community of Smart Investors
  • Independent full-length company analysis
  • Actionable investment ideas and recommendations
  • Expert investment tools and data
  • Stock screens from Algy Hall
Have an account? Sign in