Test case could drive further Hiscox losses

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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