Director dealings: Hiscox chief underwriting officer offloads 50,000 shares

10th May 2019 14:03

(Sharecast News) - Andrew Formica, the chief executive officer of Jupiter Fund Management, purchased 140,000 shares in the company at 354.08p each, forking out at total of £495,712.01.Meanwhile, Richard Watson, chief underwriting officer at Hiscox, offloaded 50,000 shares in the insurer.Earlier this week, Hiscox said it had made a solid start to the year, with gross written premiums up 3.3% in the three months to the end of March to $1.165bn compared to a year earlier.Business was driven by the company's retail business, where gross written premiums rose 7.7% at constant currency to $593.3m. London premiums rose 5.3% to $228.6m and premiums fell 4.6% to $342.8m at the reinsurance and insurance-linked securities business.Top Director BuysJupiter Fund Management (JUP)Director name: Formica,AndrewAmount purchased: 140,000 @ 354.08pValue: £495,712.01Pittards (PTD)Director name: Briere,Richard Amount purchased: 7,500 @ 68.00pValue: £5,100.00Mondi (MNDI)Director name: Hampshire,Jenny Amount purchased: 18 @ 1,665.15pValue: £299.73Mondi (MNDI)Director name: King,AndrewAmount purchased: 18 @ 1,665.15pValue: £299.73Mj Gleeson (GLE)Director name: Harrison,JolyonAmount purchased: 24 @ 854.00pValue: £204.96Qinetiq Group (QQ.)Director name: Wadey ,Steve Amount purchased: 66 @ 302.12pValue: £199.40Qinetiq Group (QQ.)Director name: Smith,DavidAmount purchased: 65 @ 302.12pValue: £196.38Mj Gleeson (GLE)Director name: Allanson ,Stefan Amount purchased: 22 @ 854.00pValue: £187.88Capita (CPI)Director name: Lewis,Jonathan (Jon)Amount purchased: 139 @ 123.00pValue: £170.97Rathbone Brothers (RAT)Director name: Butcher,AndrewAmount purchased: 6 @ 2,540.00pValue: £152.40Rathbone Brothers (RAT)Director name: Stockton,PaulAmount purchased: 6 @ 2,540.00pValue: £152.40Softcat (SCT)Director name: Charlton,GrahamAmount purchased: 16 @ 940.00pValue: £150.40Softcat (SCT)Director name: Watt,Graeme Amount purchased: 15 @ 940.00pValue: £141.00Top Director SellsHiscox Limited (di) (HSX)Director name: Watson,Richard Amount sold: 50,000 @ n/aValue: n/a