LONDON (Bloomberg) - Hiscox, a Lloyd's of London insurer based in Bermuda, said full-year earnings will be higher than last year.

Income from premiums rose 10 percent to £1.1 billion ($2.3 billion) in the 11 months to November 30, the company said in a statement on the Regulatory News Service.

Hiscox has "negligible exposure" to sub-prime debt, it said.