Director Shareholding

Hiscox PLC
25 September 2001




FOR IMMEDIATE RELEASE     25 September 2001




                                  HISCOX PLC

                           Director's Shareholdings


The Board of Hiscox has been notified of the following acquisitions of
ordinary shares of 5p each in Hiscox, both of which were made today:

     Shares acquired      Price per share   Holding following this notification

Robert Hiscox  20,000           89p              7,849,046          (5.30%)
Stuart Bridges 20,000           87p               50,000            (0.03%)