Correction: Syndicate results and estimates

RNS Number : 4212V

Hiscox Ltd

07 August 2020

 

Correction: Syndicates 33 and 6104 - results and estimates

This announcement corrects a typographic error in the announcement published at 7.00am on 3 August 2020 (RNS number 7340U) which incorrectly stated the previous estimates for Syndicate 33 years of account 2018 and 2019. The corrected announcement is included below.

Hamilton, Bermuda (7 August 2020) - Hiscox Ltd (LSE: HSX), the international specialist insurer, announces the  current estimates for Syndicate 33 and Syndicate 6104's 2018 and 2019 accounts.

The estimates for 2018 and 2019, expressed as a percentage of capacity, are as follows:

Syndicate	Year of account	Current estimate	Previous estimate	Capacity	Hiscox share
33	2018	(9.5%) to 0.5%	(10.0%) to 0.0%	£1,598m	73%
33	2019	(13.5%) to (3.5%)	(7.5%) to 2.5%	£1,399m	73%
6104	2018	(55.0%) to (45.0%)	(65.0%) to (55.0%)	£56m	0%
6104	2019	(40.5%) to (30.5%)	(75.0%) to (65.0%)	£55m	0%

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:

1. The Syndicates' estimates are after standard personal expenses, such as Managing Agent fees and profit commission and all charges levied directly on syndicates by Lloyd's, but before Members Agents' charges.

2. 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

 

 

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