Hiscox: Rates expected to fall 7.5-15% in January

Management at London-listed carrier Hiscox expect rates to be down
by between 7.5 percent and 15 percent as of 1 January, according to
a note published by Canaccord Genuity.
Analysts Ben Cohen and Ming Zhu said that Hiscox planned to
counter falling rates by keeping its catastrophe appetite unchanged
- despite reducing it at last year's renewals - and moving
capacity from reinsurance into primary property.
Hiscox also noted that modest increases were expected in some US
small casualty lines.