Syndicate 33

RNS Number : 4886B
Hiscox Ltd
18 August 2008
 



Press Release


Syndicate 33 estimates


HamiltonBermuda (18 August 2008- Hiscox Ltd (LSE: HSX), the international specialist insurer, announces its current estimate for Syndicate 33 for the 2006 and 2007 years of account.


The estimates for 2006 and 2007, expressed as a percentage of capacity, are as follows:


Year of account

Current estimate

Previous estimate

Capacity

Hiscox share

2006

22.5% to 30%

17.5% to 25%

£832m

73%

2007

7.5% to 15%

7.5% to 15%

£874m

73%


ENDS

                    


For further information:




Hiscox Ltd


Robin Mehta, Company Secretary, Bermuda

+1 441 278 8300

Jennifer Crowl, Director of Communications, London

+44 (0) 207 448 6494



Maitland    

+44 (0) 207 379 5151

Suzanne Bartch


Richard Farnsworth






Notes to editors:


1. The Syndicate 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, headquartered in Bermuda, is an international specialist insurance group listed on the London Stock Exchange. There are three main underwriting parts of the Group - Hiscox Global Markets, Hiscox UK and Europe and Hiscox International. Hiscox Global Markets underwrites mainly internationally traded business in the London Market - generally large or complex business which needs to be shared with other insurers or needs the international licences of Lloyd's. Hiscox UK and Hiscox Europe offer a range of specialist insurance for professionals and business customers, and tailored products for high net worth individuals. Hiscox International includes operations in Bermuda, Guernsey and USA. Hiscox Insurance Company Limited, Hiscox Underwriting Limited and Hiscox Syndicates Ltd are regulated by the Financial Services Authority. For further information, visit www.hiscox.com.






This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCFKPKQFBKDQFD
UK 100

Latest directors dealings