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

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 Buys

Jupiter Fund Management (JUP)
Director name: Formica,Andrew
Amount purchased: 140,000 @ 354.08p
Value: £495,712.01

Pittards (PTD)
Director name: Briere,Richard
Amount purchased: 7,500 @ 68.00p
Value: £5,100.00

Mondi (MNDI)
Director name: Hampshire,Jenny
Amount purchased: 18 @ 1,665.15p
Value: £299.73

Mondi (MNDI)
Director name: King,Andrew
Amount purchased: 18 @ 1,665.15p
Value: £299.73

Mj Gleeson (GLE)
Director name: Harrison,Jolyon
Amount purchased: 24 @ 854.00p
Value: £204.96

Qinetiq Group (QQ.)
Director name: Wadey ,Steve
Amount purchased: 66 @ 302.12p
Value: £199.40

Qinetiq Group (QQ.)
Director name: Smith,David
Amount purchased: 65 @ 302.12p
Value: £196.38

Mj Gleeson (GLE)
Director name: Allanson ,Stefan
Amount purchased: 22 @ 854.00p
Value: £187.88

Capita (CPI)
Director name: Lewis,Jonathan (Jon)
Amount purchased: 139 @ 123.00p
Value: £170.97

Rathbone Brothers (RAT)
Director name: Butcher,Andrew
Amount purchased: 6 @ 2,540.00p
Value: £152.40

Rathbone Brothers (RAT)
Director name: Stockton,Paul
Amount purchased: 6 @ 2,540.00p
Value: £152.40

Softcat (SCT)
Director name: Charlton,Graham
Amount purchased: 16 @ 940.00p
Value: £150.40

Softcat (SCT)
Director name: Watt,Graeme
Amount purchased: 15 @ 940.00p
Value: £141.00

Top Director Sells

Hiscox Limited (di) (HSX)
Director name: Watson,Richard
Amount sold: 50,000 @ n/a
Value: n/a