Hiscox, Ltd. (HSX) 2013年年度报告「LSE」.pdf

1、 Hiscox Ltd Report and Accounts 2013 About the Hiscox Group2 Corporate highlights 3 Why invest in Hiscox?4 Chairmans statement 6 Chief Executives report14 Hiscox business structure16 Actively managed business mix17 Actively managed key underwriting exposures18 Marketing at Hiscox20 CapitalFinancial

2、review22 Group financial performance 24 Group investments Governance27 Risk management 33 Corporate responsibility 36 Insurance carriers 40 Board of Directors 42 Hiscox Partners 43 Corporate governance 47 Audit Committee reportRemuneration49 Letter to shareholders 51 Remuneration policy report59 Ann

3、ual report on remuneration 201367 Directors report 68 Directors responsibilities statementFinancial summary70 Independent auditors report71 Consolidated income statement 71 Consolidated statement of comprehensive income 72 Consolidated balance sheet73 Consolidated statement of changes in equity74 Co

4、nsolidated statement of cash flows75 Notes to the consolidated financial statements124 Five-year summaryContentsLocal casualty and commercial 20%Tech and media casualty 3%Art and private client 14%Specialty kidnap and ransom,contingency,personal accident 6%Small property 5%Reinsurance 25%Large prope

5、rty 6%Global casualty 2%Specialty terrorism,contractors equipment FTC,political risks,aerospace 12%Marine and energy 7%Strategic focus 100%=1,924m Total Group controlled income for 2013Our ambition is to be a highly respected specialist insurer with a diverse portfolio by product and geography.We be

6、lieve that building balance between catastrophe-exposed business and less volatile local specialty business gives us opportunities for profitable growth throughout the insurance cycle.Our strategy is:to use our underwriting expertise in London and Bermuda to write high-margin volatile or complex ris