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International

Test case could drive further Hiscox losses

August 04, 2020 Reprints

Insurer Hiscox Ltd. said that the eventual findings of the U.K. Financial Conduct Authority's business interruption test case could drive additional COVID-19 pandemic-related losses to its reinsurance book, Artemis reported. It also has exposure to some business interruption in Europe through its Hiscox Re & ILS portfolio. Hiscox has increased its pandemic-related loss provisions to $232 million.

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Test case could drive further Hiscox losses

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