We use cookies to improve this site and enable full functionality. You can change your cookie settings at any time using your browser. Our cookie policy.

Hiscox to enter FTSE 100 on Christmas Eve

Hiscox to enter FTSE 100 on Christmas Eve | Insurance Business

Hiscox to enter FTSE 100 on Christmas Eve

It looks like insurer Hiscox is getting a nice Christmas present.

Global index provider FTSE Russell has confirmed that two firms, including Hiscox, are joining the FTSE 100 Index effective December 24. The insurance company and Spirax-Sarco Engineering are replacing Just Eat and Royal Mail, who are both heading to the FTSE 250.    

The announcement comes following the indexes’ December 2018 quarterly review, and also a month after the Bermuda-headquartered group reported higher gross written premium (GWP) overall and across its retail, London Market, and reinsurance segments. 

Hiscox saw its total GWP rise 14.3% to more than US$3 billion in the first nine months of the year to September 30.

Meanwhile the FTSE 250 will see departures from the likes of the AA and Thomas Cook Group.