Syndicate Estimates

Hiscox PLC
07 June 2006

                             SYNDICATE 33 ESTIMATES

Hiscox plc, the UK's leading specialist insurer, today releases for Syndicate 33
its current estimate for the 2004 and 2005 years of account.

The estimates for 2004 and 2005, expressed as a percentage of capacity, are as
follows:

Year of account  Current estimate  Previous estimate  Capacity share  Hiscox plc
    2004           5.0% to 12.5%     5.0% to 12.5%       £846m           65%
    2005           -7.5% to 2.5%     -7.5% to 2.5%       £774m           71%

                                    - ends -

For further information:

Hiscox plc
Bronek Masojada           Chief Executive                         020 7448 6012
Stuart Bridges            Finance Director                        020 7448 6013
Richard Watson            Director of Underwriting Syndicate 33   020 7448 6006

Maitland
Philip Gawith                                                     020 7379 5151


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 plc is a specialist insurance group listed on the London Stock
Exchange where it has a market capitalisation of circa £815 million. 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, as well as high
net worth individuals. Hiscox International includes offshore operations in
Bermuda and Guernsey and our new business in the USA.










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