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Hiscox records claims from lost Malaysian plane, S.Korea ferry
May 6, 2014 / 6:25 AM / 3 years ago

Hiscox records claims from lost Malaysian plane, S.Korea ferry

May 6 (Reuters) - British insurer Hiscox Ltd said it recorded a “diverse list of losses” in the first quarter, including a small exposure to the Malaysia Airline flight MH370 that disappeared nearly two months ago and the Korean ferry that sunk last month.

The Lloyds of London insurer and reinsurer posted a marginal decline in quarterly gross written premiums to 501.6 million pounds ($846.1 million), blaming its planned step back from reinsurance market where rates continued to decline. ($1 = 0.5929 British Pounds) (Reporting by Richa Naidu in Bangalore; Editing by Gopakumar Warrier)

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