April 29, 2020 / 6:55 AM / a month ago

BRIEF-Hiscox Weighs Raising Funds As Insurance Rates Rise On Coronavirus Crisis

April 29 (Reuters) - Hiscox Ltd:

* HISCOX LTD - RESPONSE TO PRESS SPECULATION

* HISCOX LTD - HISCOX BOARD BELIEVES GROUP HAS SUFFICIENT CAPITAL TO MEET EXPECTED LIABILITIES ARISING AS A RESULT OF EXPOSURES TO PANDEMIC.

* HISCOX -SEE RESULTANT UNCERTAINTY FROM PANDEMIC, CONSEQUENT CAPITAL CONTRACTION TO RESULT IN RATES HARDENING ACROSS US WHOLESALE, REINSURANCE MARKETS

* HISCOX LTD - EVALUATING POSSIBLE SOURCES OF CAPITAL TO RESPOND IN AN APPROPRIATE WAY TO MARKET DYNAMICS, WHICH COULD INCLUDE RAISING NEW EQUITY

* HISCOX - NO DECISION MADE ON WHETHER TO PROCEED WITH CAPITAL RAISE OR WITH REGARDS TO TIMING OR SIZE OF ANY SUCH CAPITAL RAISE Source text for Eikon: Further company coverage:

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