Hiscox, Ltd. (HSX) 2010年年度报告「LSE」.pdf

1、ContentsAbout the Hiscox Group1 Corporate highlights 2 Why invest in Hiscox?3 Chairman s statement 5 Chief Executive s report12 Hiscox business structure13 Hiscox distribution 14 People Financial review16 Group financial performance 18 Group investments Governance and remuneration21 Risk management

2、26 Corporate responsibility 28 Insurance carriers 32 Board of Directors 34 Corporate governance 37 Directors remuneration report 46 Directors report 47 Directors responsibilities statementFinancial summary48 Independent auditors report49 Consolidated income statement 49 Consolidated statement of com

3、prehensive income 50 Consolidated balance sheet51 Consolidated statement of changes in equity52 Consolidated statement of cash flows53 Notes to the consolidated financial statements100 Five year summary Hiscox Ltd Report and Accounts 2010Our strategy is:to use our underwriting expertise in London an

4、d Bermuda to write high-margin volatile or complex risks;to build our distribution in the UK,Europe and the US for our specialist retail products;to protect and nurture our distinctive culture and ethos by recruiting the best people,and by focusing on organic growth.Our ambition is to be a highly re

5、spected specialist insurer with a diverse portfolio by product and geography.We believe that building balance between catastrophe-exposed business and less volatile local specialty business gives us opportunities for profitable growth throughout the insurance cycle.Strategic focus 100%=1,671mTotal G

6、roup controlled income for 2010 3%Tech and media errorsand omissions17%Art andprivate client4%Small property31%Reinsurance4%Large property4%Global errors and omissions6%Specialty terrorism,specie,political risks,aerospace 9%Marine and energy13%Local errors and omissions and commercial9%Specialty kid