Cat losses could push Hiscox out of the FTSE100

Insurer Hiscox could tumble out of the FTSE100 this week after the firm’s share price fell on the back of projected losses from natural catastrophes in 2019, among other things.

The firm’s share price has been deteriorating since September, and the falling price has now pushed its market capitalisation down to £3.93 billion - a figure that is below the market’s exit threshold.

In November, the firm’s share price fell 9.7 percent when the insurer issued a clarification about expectations for its combined ratio. This showed that its combined ratio was not reducing as quickly as some investors had hoped, affecting the bottom line.

Hiscox has also earmarked $165million to cover claims from hurricane Dorian and typhoons Hagibis and Faxai.