Hiscox pulls out of political risk

Hiscox has placed its political risk insurance book into
run-off, The Insurance Insider can
reveal.
The London-listed carrier informed brokers last week that it has
withdrawn from the market with immediate effect.
A spokesperson for the insurer told The Insurance
Insider: "In response to on-going challenging
conditions in the London market, we have made the difficult
decision to come out of political risks".
The spokesperson added that Hiscox is "currently a smaller
player in this area and whils