Syndicates Forecast

RNS Number : 7150I

Hiscox Ltd

08 July 2013

 



Hiscox Syndicate 33, 2014 Business Forecast

Hamilton, Bermuda (5 July 2013) -- Hiscox Ltd (HSX:L), the international specialist insurer, announces that it has published today on its company website a summary of its initial 2014 business forecast for Syndicate 33. The summary business forecast is available at www.hiscox.com in the Investors section under Lloyd's Reporting.
 

A full 2014 business forecast for Syndicate 33 has been submitted to Lloyd's.  Hiscox is required to make this public at this early stage of the year due to the participation on its Syndicates by third party capital.

At this early stage Hiscox envisages a 2014 capacity of £1 billion for Syndicate 33, an increase on 2013's £950m.

A final plan will be submitted to Lloyd's later in the year which may involve a change to Syndicate 33's capacity following the US hurricane season.

Hiscox manages Special Purpose Syndicate 6104 solely on behalf of third party capital providers.  Hiscox is targeting a 2014 capacity for Syndicate 6104 of £66 million, unchanged from 2013.  Hiscox also manages and provides all of the capital for Hiscox Syndicate 3624.

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Contacts

Hiscox

Jeremy Pinchin, Company Secretary, Bermuda                [phone]

Kylie O'Connor, Head of Communications, London            [phone]

Brunswick                                                                    [phone]

Tom Burns

 

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