Hiscox to shrink London Market book in 2017

Hiscox expects to shrink its London Market gross premiums by
between £50mn and £100mn ($62mn-$125mn) in 2017, with the
precise amount dependent on pricing, CEO Bronek Masojada confirmed.
Speaking to The Insurance Insider
following the release of the carrier's
full-year results earlier today, the executive said it was
likely Hiscox would shrink exposure in some lines of business this
year, rather than exiting them altogether."Our goal is to have a portfolio which we can reshape. It
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