Syndicates 33 and 6104 estimates

RNS Number : 4200N
Hiscox Ltd
28 July 2014
 



 

Syndicates 33 and 6104 - estimates

 

Hamilton, Bermuda (28 July 2014) - Hiscox Ltd (LSE: HSX), the international specialist insurer, announces the current estimates for Syndicate 33 and Syndicate 6104's 2012 and 2013 accounts.

 

The estimates for 2012 and 2013, expressed as a percentage of capacity, are as follows:

 

Syndicate

Year of account

Current estimate

Previous estimate

Capacity

Hiscox share

33

2012

 

2.5% to 12.5%

 

2.5% to 12.5%

 

£950m

 

73%

 

33

2013

 

0.0% to 10.0%

 

0.0% to 10.0%

 

£950m

 

73%

 

6104

2012

 

25.0% to 35.0%

 

20.0% to 30.0%

 

£39m

 

0%

 

6104

2013

 

30.0% to 40.0%

 

25.0% to 35.0%

 

£66m

 

0%

 

 

 

ENDS

 

 

For further information:

 

Hiscox

 


Jeremy Pinchin, Company Secretary, Bermuda

+1 441 278 8300

Kylie O'Connor, Head of Communications, London

+44 (0) 20 7448 6656



Brunswick


Tom Burns

+44 (0)20 7404 5959

 

 

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, the international specialist insurer, is headquartered in Bermuda and listed on the London Stock Exchange (LSE:HSX). There are three main underwriting divisions in the Group - Hiscox London Market, Hiscox Re and Hiscox Retail (which includes Hiscox UK and Europe, Hiscox Guernsey, Hiscox USA and subsidiary brand, DirectAsia). Hiscox underwrites internationally traded, bigger ticket business and reinsurance through Hiscox Re and Hiscox London Market. Through its retail businesses in the UK, Europe and the US Hiscox offers a range of specialist insurance for professionals and business customers, as well as homeowners.

 

For further information visit www.hiscoxgroup.com


This information is provided by RNS
The company news service from the London Stock Exchange
 
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