Ceramic Fuel Cells Share News (CFU)

The wife of specialist insurance firm Hiscox's chairman Robert Hiscox has pocketed more than £80,000 from the sale of shares in the company. Julia Hiscox offloaded 20,000 at 411p a time. The announcement of the sale comes the week after the Bermuda-based company said Robert Hiscox sold 56,398 shares at just over 410.5p a time. Both sales were made on 3 May.Hiscox has been hit hard by catastrophes in Japan, New Zealand and Australia.The company, whose specialist areas include the art market, said claims estimates for the 2011 New Zealand earthquake and Queensland, Australia floods remained unchanged at £60m and £15m respectively.This estimate is based on an insured market loss of US$10 billion for the New Zealand Earthquake and US$2.4bn for the floods in Queensland.Hicox remains uncertain over costs resulting from the Japanese earthquake but estimates that based on an insured market loss of approximately US$24bn, it could incur net claims of between $60 million and $150m.Robert Hiscox joined the company, which was founded by his father Ralph, in 1965. He has been chairman of the main holding company since 1973.Top Director BuysSymphony International Holdings Ltd. (SIHL) Director name: Mr Anil ThadaniAmount purchased: 300,000 @ $0.79 Value: $237,000Symphony International Holdings Ltd. (SIHL) Director name: Mr Anil ThadaniAmount purchased: 300,000 @ $0.77 Value: $229,740Paragon Diamonds (PRG) Director name: Mr Francesco (Frank) ScolaroAmount purchased: 250,000 @ 34.50p Value: £86,250Meggitt (MGGT) Director name: Mr Paul HeidenAmount purchased: 5,500 @ 355.45p Value: £19,550Rentokil Initial (RTO) Director name: Mr Jeremy TownsendAmount purchased: 20,000 @ 94.79p Value: £18,958Ceramic Fuel Cells Ltd. (CFU) Director name: Mr Jeff HardingAmount purchased: 150,000 @ 7.52p Value: £11,280Associated British Foods (ABF) Director name: Mr Javier FerranAmount purchased: 1,000 @ 1,013.56p Value: £10,136Top Director SellsDirector name: Mrs Julia Hiscox (HSX)Amount sold: 20,000 @ 4,11p Value: £82,200---RG