Syndicates 33 and 6104 - estimates

RNS Number : 4108O

Hiscox Ltd

07 November 2016

 

Syndicates 33 and 6104 - estimates

Released : 7/11/2016

RNS Number :

Hiscox Ltd

7 November 2016

Syndicates 33 and 6104 - estimates

Hamilton, Bermuda (7 November 2016) - Hiscox Ltd (LSE: HSX), the international specialist insurer, announces the current estimates for Syndicate 33 and Syndicate 6104's 2014 and 2015 accounts.

The estimates for 2014 and 2015, expressed as a percentage of capacity, are as follows:

Syndicate	Year of account	Current estimate	Previous estimate	Capacity	Hiscox share
33	2014	5.0% to 15.0%	5.0% to 15.0%	£1,000m	73%
33	2015	0.0% to 10.0%	0.0% to 10.0%	£1,000m	73%
6104	2014	30.0% to 40.0%	27.5% to 37.5%	£72m	0%
6104	2015	25.0% to 35.0%	20.0% to 30.0%	£65m	0%

ENDS

For further information:
Hiscox Ltd
Jeremy Pinchin, Group Company Secretary Kylie O'Connor, Head of Group Communications, London	[phone] [phone]
Brunswick
Tom Burns	[phone]

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 Retail (which includes Hiscox UK and Europe, Hiscox Guernsey, Hiscox USA and subsidiary brand, DirectAsia), Hiscox London Market and Hiscox Re. 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. Hiscox underwrites internationally traded, bigger ticket business and reinsurance through Hiscox London Market and Hiscox Re.

For further information, visit www.hiscoxgroup.com.

 

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