Hiscox, Ltd. (HSX) 2012年年度报告「LSE」.pdf

1、 Hiscox Ltd Report and Accounts 2012 Contents About the Hiscox Group2 Corporate highlights 3 Why invest in Hiscox?4 Chairmans statement 7 Chief Executives report13 Hiscox business structure14 Actively managed business mix15 Actively managed key underwriting exposures16 CapitalFinancial review18 Grou

2、p financial performance 20 Group investments Governance and remuneration23 Risk management 28 Corporate responsibility 30 Insurance carriers 34 Board of Directors 36 Corporate governance 39 Directors remuneration report 47 Directors report 48 Directors responsibilities statementFinancial summary50 I

3、ndependent auditors report51 Consolidated income statement 51 Consolidated statement of comprehensive income 52 Consolidated balance sheet53 Consolidated statement of changes in equity54 Consolidated statement of cash flows55 Notes to the consolidated financial statements104 Five year summary28%Rein

4、surance5%Large property2%Global errors and omissions10%Specialty terrorism,specie,political risks,aerospace8%Marine and energy18%Local errors and omissions and commercial3%Tech and media errors and omissions14%Art and private client7%Specialty kidnap and ransom,contingency,personal accident5%Small p

5、ropertyOur ambition is to be a highly respected 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

6、cycle.1Strategic focus 100%=1,792mTotal Group controlled income for 2012 Our strategy is:to use our underwriting expertise in London and 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 nurt