INSURANCE AND BANKING, CLEARLY EXPLAINED.
Hiscox London Market increased its insurance contract written premiums by 9.9% to reach $1.05bn, equivalent to approximately €0.9bn, during the first nine months of the year. Commercial Risk reported that this top-line growth was achieved despite rates falling by 5% across the business over the same period.
Hiscox London Market's figures demonstrate that written premium income can increase despite a 5% fall in rates across the portfolio during the first nine months of the year.
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