Syndicates 33 and 6104 - estimates

RNS Number : 1626M

Hiscox Ltd

31 July 2017

 

Syndicates 33 and 6104 - estimates

Hamilton, Bermuda (31 July 2017) - Hiscox Ltd (LSE: HSX), the international specialist insurer, announces the current estimates for Syndicate 33 and Syndicate 6104's 2015 and 2016 accounts.

The estimates for 2015 and 2016, expressed as a percentage of capacity, are as follows:

Syndicate	Year of account	Current estimate	Previous estimate	Capacity	Hiscox share
33	2015	5.0% to 15.0%	2.5% to 12.5%	£999m	73%
33	2016	(5.0%) to 5.0%	(5.0%) to 5.0%	£998m	73%
6104	2015	30.0% to 40.0%	25.0% to 35.0%	£65m	0%
6104	2016	10.0% to 20.0%	5.0% to 15.0%	£55m	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 is a global specialist insurer, headquartered in Bermuda and listed on the London Stock Exchange (LSE:HSX). Our ambition is to be a respected specialist insurer with a diverse portfolio by product and geography. We believe that building balance between catastrophe-exposed business and less volatile local specialty business gives us opportunities for profitable growth throughout the insurance cycle. It’s a long-standing strategy which in 2016 helped generate gross premiums written of £2,402.6 million and a record profit before tax of £354.5 million.

The Hiscox Group employs over 2,300 people in 13 countries, and has customers worldwide. Through the retail businesses in the UK, Europe, Asia and the US, we offer a range of specialist insurance for professionals and business customers as well as homeowners. Internationally traded, bigger ticket business and reinsurance is underwritten through Hiscox London Market and Hiscox Re and ILS.

Our values define our business, with a focus on people, quality, courage and excellence in execution.  We pride ourselves on being true to our word and our award-winning claims service is testament to that. For more information, visit www.hiscoxgroup.com.

 

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