We thought that 2004 was a turbulent year, but 2005 well surpassed it... In the circumstances a profit of 70.2 million pounds is satisfactory.
More Quotes from Robert Hiscox:
To make 70 million after losing 165 million in hurricanes does show the fundamental profitability of the company.Robert Hiscox
The thinking is that with the major U.S. renewals coming in July, we should keep our tinder dry in terms of writing catastrophe business and feed the company with group business to build it up.
Robert Hiscox
For a less well-diversified business, the hurricanes would have caused a major overall loss.
Robert Hiscox
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