Underwriter Hiscox’s Q1 premiums rise 24.3 pct

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May 8 (Reuters) – Lloyd’s of London underwriter Hiscox on Tuesday reported a 24.3 percent rise in gross written premiums in the first quarter compared to the same period a year ago, helped by growth in its retail business.

The insurer, which underwrites a range of risks from oil refineries to kidnappings, said gross written premiums rose to $1.16 billion in the three months ended March 31, from $930 million a year earlier. (Reporting by Arathy S Nair in Bengaluru; editing by Patrick Graham)

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