Fitch affirms Hiscox

Fitch Ratings said it affirmed Hiscox Ltd.'s and Hiscox plc’s long-term issuer default ratings at A-.

The outlook is stable.

Hiscox's senior and subordinated notes were affirmed at BBB+ and BBB-, respectively.

“The affirmation reflects Hiscox's very strong capitalisation and financial performance, and conservative approach to reserving,” the agency said in a news release.

“Hiscox's ratings are supported by the group's strong business profile, which is however constrained by the group's medium size in terms of business volume.”

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