Hiscox London Market reported that ICWP was $329.7 million, a 4.0% increase from $316.9 million last year. Growth comes from property, ocean, energy and professional courses. Interest rates across the segment have fallen by 3% for the first time since 2017, but 69% higher than the 2018 level. The property sector benefits from previously written adhesives and new deals, while Ocean, Energy and Specialty acquire new construction operations.
