Insurer Hiscox warns on prospects for the market
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In a Monday trading update, Hiscox has said that the risk-reward on some of its assets ratio is become "less convincing" that the insurer has warned that continued low interest rates encouraged investors to take more risks.
Hiscox said he saw the prospects for capital gains on portfolio investments and may simply "low-income" he will win his bond funds.
Financial results for the company for nine months at the end of September has remained stable, although Hiscox said U.S. property insurance compensation and "big" cases have been "difficult" with the fall of contribution rates.
An area of potential growth, cited by the company was at sea with the explosion of deep horizon platform and the oil spill resulting energy market should put more emphasis on the region.
United Kingdom, premium income has increased by 8 9pc 249 m ￡, whereas Europe's gross premiums written has increased from 9 7pc-on-year to 119 million euros (￡ 103 m).
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