Robert Hiscox Quotations

To make 70 million after losing 165 million in hurricanes does show the fundamental profitability of the company.

We thought that 2004 was a turbulent year, but 2005 well surpassed it... In the circumstances a profit of 70.2 million pounds is satisfactory.

The thinking is that with the major U.S. renewals coming in July, we should keep our tinder dry in terms of writing catastrophe business and feed the company with group business to build it up.

They did tell us they wanted more, but much as we want to pay more we are capital-hungry. But we agreed that it had dropped behind and brought it up (in 2005) and made a further promise for 2006.

For a less well-diversified business, the hurricanes would have caused a major overall loss.