Record profits of the company, insures the works of art
The company Hiscox, one of the main activities of which is the insurance of works of art, announced that despite the problems in the economy, its earnings for the first half of 2008 reached record levels
According to the British newspaper Guardian, the representatives of major insurance company Hiscox announced that, despite the economic difficulties in the country, its profits for the first half of 2008 reached record levels. The London firm Hiscox widely known for its activities in sectors such as insurance people from being abducted and insurance of works of fine art.
Revenues Hiscox (underwriter, member of association of Lloyd's of London) for the first half rose to 109.2 million pounds (203 million) without taxes, compared with 105.6 million pounds last year . Dividends increased by 6.3%, stock prices - on 2,5%.
Loss of gross rates in the largest division - Hiscox Global Markets - was 23%. However, revenues from offshore operations (Hiscox International) increased from 12.1 to 20.3 million pounds, a profit entities Hiscox UK and Europe - from 6.6 to 16.3 million pounds.
company Hiscox is a leader in the insurance of works of art in Europe. It is one of the first insurance companies in the UK suggested that this category of insurance for private collectors, as well as museums and galleries. Her name has long been synonymous with the market of contemporary art. With his head Hiskoksu Robert (Robert Hiscox) the company possesses an impressive collection, which includes more than 50 artists. Among them - Damien Hurst (Damien Hirst) , Richard Billinghem (Richard Billingham), Mark Quinn (Marc Quinn), Matt Kollishou (Mat Collishaw), Keith Coventry (Keith Coventry), Gregory Kryudson (Gregory Crewdson), Mark Uollinger (Mark Wallinger) and Sesili Brown (Cecily Brown). Works from this collection can be seen in Hiscox offices around the world. The collection is constantly growing.
company Hiscox is widely known in the art world through its projects in this area (Hiscox Art Projects). One of them - the creation of the exhibition in a cafe London office Hiscox, where works from the collection company can see anyone. In addition, Hiscox Art Projects support young talented artists: providing them with scholarships, provides housing, help in organizing exhibitions, not only in Britain but across Europe.
material produced Catherine Onuchin
Sources: , , artinvestment.ru
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