Syndicate 33 Estimates

Hiscox PLC
13 March 2006

13 March 2005

For immediate release

                            HISCOX PLC ANNOUNCEMENT
                             Syndicate 33 Estimates

Hiscox plc, the UK's leading specialist insurer, today releases for Syndicate 33
the final result for the 2003 year of account.  The company also announces its
current estimate for Syndicate 33 for the 2004 year of account and an initial
estimate for the 2005 year of account.

The results for 2003 and the estimates for 2004 and 2005, expressed as a
percentage of capacity, are as follows:

Year of     Final result       Previous estimate    Capacity      Hiscox plc
Account                                                             share    
2003           19.4%             15.0% to 20.0%       £842m           65%

          Current estimate

2004        5.0% to 12.5%         5.0% to 12.5%       £846m           65%

2005        -7.5% to 2.5%             ___             £774m           71%

                                    - ends -
For further information:

Hiscox plc

Bronek Masojada           Chief Executive                        020 7448 6012
Stuart Bridges            Finance Director                       020 7448 6013
Richard Watson            Director of Underwriting               020 7448 6006
                          Syndicate 33    
                          
The Maitland Consultancy

Suzanne Bartch    
                                                                 020 7379 5151
Notes to editors

1. The Syndicate results and 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 plc is a specialist insurance group listed on the London Stock
Exchange where it has a market capitalisation of circa £980 million. There are
three main underwriting parts of the Group - Hiscox Global Markets, Hiscox UK
and Europe, and Hiscox International. Hiscox Global Markets underwrites mainly
internationally traded business in the London Market - generally large or
complex business which needs to be shared with other insurers or needs the
international licences of Lloyd's. Hiscox UK and Hiscox Europe offer a range of
specialist insurance for professionals and business customers, as well as high
net worth individuals. Hiscox International includes offshore operations in
Bermuda and Guernsey and our new business in the USA.








                      This information is provided by RNS
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