Syndicate Results

Hiscox PLC
2 March 2001

FOR IMMEDIATE RELEASE 2 March 2001


                                  Hiscox plc

               1998 Account Result and 1999 Open Year Forecast

              for Syndicate 33, managed by Hiscox Syndicates Ltd


The Syndicate result and forecast shown below are after standard personal
expenses but before Members' Agents' charges. Standard personal expenses
comprise managing agent fees and profit commission and all charges levied
directly on members by Lloyd's.

Syndicate         Result as % of Capacity for an     Previous   Year of Account
                                 individual Name    estimates          Capacity

1998 Account
Result
Composite 33                               -9.2%     -7.5% to             £360m
                                                       -12.5%
1999 Account
Estimate
Composite 33                     -6.5% to -11.5%     -6.5% to             £360m
                                                       -11.5%


For further information please contact:

Stuart Bridges                          Hiscox plc        020 7448 6013
[e-mail]

Bronek Masojada                         Hiscox plc        020 7448 6012
[e-mail]