Syndicates 33 and 6104 - estimates

RNS Number : 8272M
Hiscox Ltd
12 May 2015
 

 

Syndicates 33 and 6104 - estimates

 

Hamilton, Bermuda (12 May 2015) - Hiscox Ltd (LSE: HSX), the international specialist insurer, announces the current estimates for Syndicate 33 and Syndicate 6104's 2013 and 2014 accounts.

 

The estimates for 2013 and 2014, expressed as a percentage of capacity, are as follows:

 

Syndicate

Year of account

Current estimate

Previous estimate

Capacity

Hiscox share

33

2013

2.5% to 12.5%

0.0% to 10.0%

£950m

73%

33

2014

0.0% to 10.0%

0.0% to 10.0%

£1,000m

73%

6104

2013

35.0% to 45.0%

35.0% to 45.0%

£66m

0%

6104

2014

20.0% to 30.0%

15.0% to 25.0%

£72m

0%

 

 

ENDS

 

 

For further information:




Hiscox Ltd


Jeremy Pinchin, Group Company Secretary

Kylie O'Connor, Head of Group Communications, London

+1 441 278 8300

+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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