2021 Syndicate Business Forecast

RNS Number : 9455Y

Hiscox Ltd

14 September 2020

 

Hiscox Syndicate 33, 2021 Syndicate Business Forecast

Hamilton, Bermuda (14 September 2020) - Hiscox Ltd (LSE: HSX), the international specialist insurer, announces that it has published today a summary of its 2021 Syndicate Business Forecast for Syndicate 33.

The summary business forecast is available at https://www.hiscoxgroup.com/investors/lloyds-reporting .

Hiscox currently envisages that 2021 capacity for Syndicate 33 will be £1.7 billion (2020: £1.7 billion), subject to Lloyd's approval. The Syndicate expects to deliver premium growth in 2021, driven mainly by positive rate momentum in the majority of classes as market conditions continue to improve.

Hiscox is required to make this information public at this stage of the year due to the participation of third party capital providers.

ENDS

For further information

Hiscox Ltd
Marc Wetherhill, Group Company Secretary, Bermuda	[phone]
Kylie O'Connor, Group Communications Director, London	[phone]
Ryan Thompson, Investor Relations Manager, London    Brunswick	[phone]
Tom Burns	[phone]
Simone Selzer	[phone]

Notes to editors:

Hiscox is a global specialist insurer, headquartered in Bermuda and listed on the London Stock Exchange (LSE:HSX). Our ambition is to be a respected specialist insurer with a diverse portfolio by product and geography. We believe that building balance between catastrophe-exposed business and less volatile local specialty business gives us opportunities for profitable growth throughout the insurance cycle.

The Hiscox Group employs over 3,400 people in 14 countries, and has customers worldwide. Through the retail businesses in the UK, Europe, Asia and the USA, we offer a range of specialist insurance for professionals and business customers as well as homeowners. Internationally traded, bigger ticket business and reinsurance is underwritten through Hiscox London Market and Hiscox Re & ILS.

Our values define our business, with a focus on people, courage, ownership and integrity. We pride ourselves on being true to our word and our award-winning claims service is testament to that. For more information, visit www.hiscoxgroup.com .

 

END

 

 

MSCKKQBNPBKDNCD