Hiscox Ltd (LSE:HSX) boasts a very healthy growth of 51% (GBP) in the 1st quater of 2009.
This is in part due to the continued success of it's Guernsey based 'Kidnap and Ransom' team which saw it's premiums increase by 26% (Q1) to $28.5 million.
The Hiscox Group Chairman stated "Our Kidnap and Ransom team continues to lead the market in response to piracy in the Gulf of Aden, giving shipowners and charterers the ability to trade despite the risk involved. We have had considerable interest in our products and our underwriting expertise and swift service has set us apart."
Tuesday, 12 May 2009
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