Robert Hiscox
Robert Hiscox
Robert Hiscox is a British businessman and philanthropist. He was the chairman of Hiscox Ltd, the Lloyd's of London underwriter for 43 years, until his retirement in 2013. He is now honorary president. He was also deputy chairman of Lloyd's between 1993 and 1995 and helped save it from the brink of collapse...
caused less major overall
For a less well-diversified business, the hurricanes would have caused a major overall loss.
build business coming company dry feed group major terms thinking
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.
agreed behind brought dropped further pay promise
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.
losing million
To make 70 million after losing 165 million in hurricanes does show the fundamental profitability of the company.
circumstance million pounds profit turbulent
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.