London-listed insurer Hiscox has raised almost £53m in new capital, to take advantage of strong insurance market conditions.
The Lloyd's insurer first announced its intention to raise £54.2m through a share issue, in late November.
It said that its open offer of 44,461,435 new ordinary shares, at 126p per share, closed at 1500 GMT yesterday.
Over 94% of the shares were taken up. The company said it expected the remaining 5.9% to be taken up by investors "pursuant to the Underwriting Agreement".
Dealing in the new ordinary shares is expected to start at 0800 GMT on 18 December 2001.
Hiscox's share price closed unchanged at 152p on 13 December 2001.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
