Kidnap and ransom helps boost Hiscox written premiums

AN UPSURGE in demand for kidnap and ransom cover has helped global insurer Hiscox notch a first quarter 51% increase in sterling-measured gross written business.

Hiscox has reported strong interest for its K&R product amid the increased threat of piracy attacks against merchant shipping off the Horn of Africa.

Group chairman Robert Hiscox...

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