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Price rise could last for two years following catastrophe losses: Hiscox

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Bermuda-based insurer and reinsurer Hiscox Ltd.'s top officials have said that price hikes could last for two years following recent catastrophes, Artemis.bm reported. Chief executive Bronek Masojada and chief financial officer Aki Hussain have called on their underwriters to be prepared to reduce their writings if they cannot get the price increases they seek. Analysts said that Hiscox expects double-digit increase based on its business plan for its Lloyd's of London syndicate.

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