In the week to 28 February the FTSE All Share fell 0.2% vs. -0.9% for the Insurance Index and -0.3% for the Lloyd’s Index. The shock discount rate move to -0.75% hurt several insurers, including Novae. The best performer was Helios (+1.8%) and Beazley (+1.3%); Novae (-6.9%) was the worst performer. We review Hiscox’s combined ratio from 2010-2016, which averages out at an attractive 89.8% (91.3% excluding FX - particularly material in 2016). A focus on Retail is likely to result i
01 Mar 2017
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Beazley Plc (BEZ:LON), 665 | Helios Underwriting PLC (HUW:LON), 180 | Jardine Lloyd Thompson Group (JLT:LON), 0 | Lancashire Holdings Limited (LRE:LON), 618 | Novae Group (NVA:LON), 0
- Published:
01 Mar 2017 -
Author:
Joanna Parsons -
Pages:
10
In the week to 28 February the FTSE All Share fell 0.2% vs. -0.9% for the Insurance Index and -0.3% for the Lloyd’s Index. The shock discount rate move to -0.75% hurt several insurers, including Novae. The best performer was Helios (+1.8%) and Beazley (+1.3%); Novae (-6.9%) was the worst performer. We review Hiscox’s combined ratio from 2010-2016, which averages out at an attractive 89.8% (91.3% excluding FX - particularly material in 2016). A focus on Retail is likely to result i