Fitch has described Hiscox's interim results as "generally robust in relation to industry benchmarks".
The international rating agency said despite the insurance group's decision to defer payment of an interim dividend, which it considered prudent given the circumstances, it identified several positives in the results.
These included the rise in operating profit to £4.8m, the 45% rise in gross written premiums and the 34% rise in Hiscox Insurance company's gross premium with a combined loss ratio of 99.1%.
Hiscox PLC incorporates Lloyd's syndicate 33 and Hiscox Insurance Company.
Fitch added: "While it is likely that events in the US will prove to have an impact on the current year profits, the aftermath could in fact result in further growth and profit opportunities."
It said a capacity shortfall in the reinsurance market and pressure on direct insurers would ultimately push rates higher in the near- to medium-term.
