Syndicates 33 and 6104 results and estimates

RNS Number : 1497G

Hiscox Ltd

02 March 2015

 



Syndicates 33 and 6104 - results and estimates

Hamilton, Bermuda (2 March 2015) - Hiscox Ltd (LSE: HSX), the international specialist insurer, announces the final results for Syndicate 33 and Syndicate 6104's 2012 account. It also announces the current estimates for Syndicate 33 and Syndicate 6104's 2013 and 2014 accounts.

The results for 2012 expressed as a percentage of capacity, are as follows:

Syndicate	Year of account	Closing result	Previous estimate	Capacity	Hiscox share
33	2012	16.8%	10.0% to 17.5%	£950m	73%
6104	2012	39.0%	30.0% to 40.0%	£39m	0%

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	0.0% to 10.0%	0.0% to 10.0%	£950m	73%
33	2014	0.0% to 10.0%	N/A	£1,000m	73%
6104	2013	35.0% to 45.0%	35.0% to 45.0%	£66m	0%
6104	2014	15.0% to 25.0%	N/A	£72m	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	44 (0) 20 7404 5959

Notes to editors:

1. The Syndicates' results and 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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