Statement re Possible Offer

Hiscox PLC
23 January 2001


Hiscox PLC ('Hiscox' or the 'Company')

The  Board of Hiscox notes today's increase in the price  of  the
Company's shares.

Hiscox  confirms  that  it  has  been  approached  by  The  Chubb
Corporation  regarding a possible offer  for  the  Company.   The
discussions,  which are continuing, may or may  not  lead  to  an
offer being made.

A further announcement will be made in due course.


Enquiries:

Robert  Hiscox     Chairman, Hiscox PLC             020  7448 6000
Bronek Masojada    Chief Executive, Hiscox PLC

Charles  Batten    Dresdner Kleinwort Wasserstein   020  7623 8000

Angus Maitland     The Maitland Consultancy         020  7379 5151
Suzanne Bartch


Kleinwort  Benson  Limited  ('Dresdner  Kleinwort  Wasserstein'),
which  is  regulated  by  The Securities  and  Futures  Authority
Limited, is acting for Hiscox and no-one else in connection  with
any offer and will not be responsible to anyone other than Hiscox
for  providing the protections afforded to customers of  Dresdner
Kleinwort  Wasserstein or for giving advice in  relation  to  any
offer.