Syndicate 33

Hiscox PLC
14 March 2005

                        Syndicate 33 Results and Estimates

Hiscox plc, the UK's leading specialist insurer, today releases for Syndicate 33
the final result for the 2001 and 2002 years of account. The company also
announces its current estimate for Syndicate 33 for the 2003 year of account and
an initial estimate for the 2004 year of account.

The results for 2001 and 2002 and the estimates for 2003 and 2004, expressed as
a percentage of capacity, are as follows:

Year of account     Final result     Previous estimate    Capacity   Hiscox plc
                                                                       share
 2001              (24.0%)          (17.5%) to (22.5%)      £360m       53%
 2002               20.4%            22.5% to 27.5%         £504m       55%
   
                  Current estimate
 2003            12.5% to 17.5%      12.5% to 17.5%         £842m       65%
 2004             5.0% to 12.5%            -                £846m       65%

                                   
For further information:

Hiscox plc
Bronek Masojada               Chief Executive                  020 7448 6012
Stuart Bridges                Finance Director                 020 7448 6013
Robert Childs                 Director of Underwriting         020 7448 6645
Fiona Fong                    Director of Communications       020 7448 6447

The Maitland Consultancy
Philip Gawith/Suzanne Bartch                                   020 7379 5151


Notes to editors

1.The Syndicate 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 plc is a specialist insurance group listed on the London Stock
Exchange where it has a market capitalisation of circa £500 million. There are
three main underwriting parts of the Group - Syndicate 33 at Lloyd's, UK Retail
and International Retail. Syndicate 33 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.
The UK Retail business offers a wide range of specialist insurance for
professionals and business customers, as well as high net worth individuals. It
has regional offices in Birmingham, Glasgow, Leeds, Maidenhead and Colchester.
The International Retail business has offices in Paris, Amsterdam, Munich,
Brussels and Guernsey. The European offices write mainly fine art, high value
household business and some specialist professional indemnity business. The
Guernsey office underwrites fine art business and kidnap and ransom. Hiscox is
the largest specialist fine art and high net worth insurer in Europe. For
further information, go to www.hiscox.com





                      This information is provided by RNS
            The company news service from the London Stock Exchange