Company News 

Catastrophe claims back with a vengeance

Catastrophe claims back with a vengeance

After a benign six months to June 2018, specialist insurers such as Hiscox (HSX) and Lancashire Holdings (LRE) saw claims from natural catastrophes jump in the third quarter, with Hiscox reserving $125m (£96m) and Lancashire $138.5m. However, these amounts come out of reserves – Hiscox has assets under management of $6.4bn – and will lead to premium rates hardening.

To continue reading, subscribe today

and enjoy unlimited access to the following:

  • Tips of the Week
  • Funds coverage
  • Weekly features on big investment themes
  • Trading ideas
  • Comprehensive companies coverage
  • Economic analysis
Subscribe
Subscribe to Investors Chronicle

Related topics

Subscribe today

Full access for just £3.37 a week:

• Tips and recommendations - to beat the market 
• Portfolio clinic & Mr Bearbull - build a well-planned portfolio 
• Expert tools - track and manage investments effortlessly
• Plus free delivery to your home or office

Subscribe Now