Syndicates 33 and 6104 - estimates

RNS Number : 8272M

Hiscox Ltd

12 May 2015

 

Syndicates 33 and 6104 - estimates

Hamilton, Bermuda (12 May 2015) - Hiscox Ltd (LSE: HSX), the international specialist insurer, announces the current estimates for Syndicate 33 and Syndicate 6104's 2013 and 2014 accounts.

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	2.5% to 12.5%	0.0% to 10.0%	£950m	73%
33	2014	0.0% to 10.0%	0.0% to 10.0%	£1,000m	73%
6104	2013	35.0% to 45.0%	35.0% to 45.0%	£66m	0%
6104	2014	20.0% to 30.0%	15.0% to 25.0%	£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	[phone]

Notes to editors:

1. The Syndicates' 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 London Market, Hiscox Re and Hiscox Retail (which includes Hiscox UK and Europe, Hiscox Guernsey, Hiscox USA and subsidiary brand, DirectAsia). Hiscox underwrites internationally traded, bigger ticket business and reinsurance through Hiscox Re and Hiscox London Market. 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.

For further information, visit www.hiscoxgroup.com.

 

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