Hiscox Ltd

Syndicates 33 and 6104 - results and estimates

RNS Number : 3233H
Hiscox Ltd
03 August 2021
 

 

Syndicates 33 and 6104 - results and estimates

 

Hamilton, Bermuda ( 3 August 2021) - Hiscox Ltd (LSE: HSX), the international specialist insurer, announces the current estimates for Syndicate 33 and Syndicate 6104's 2019 and 2020 accounts.

 

 

The estimates for 2019 and 2020, expressed as a percentage of capacity, are as follows:

 

Syndicate

Year of account

Current estimate

Previous estimate

Capacity

Hiscox share

33

2019

(9.0%) to 1.0%

(9.5%) to 0.5%

£1,399m

73%

33

2020

(7.5%) to 2.5%

(8.5%) to 1.5%

£1,698m

73%

6104

2019

(21.5%) to (11.5%)

(28.0%) to (18.0%)

£55m

0%

6104

2020

(25.0%) to (15.0%)

(28.5%) to (18.5%)

£44m

0%

 

 

ENDS

 

 

F or further information:

Hiscox Ltd

 

Marc Wetherhill, Group Company Secretary, Bermuda

+1 441 278 8321

Kylie O'Connor, Group Communications Director, London

+44 (0)20 7448 6656 

Yana O'Sullivan, Head of Investor Relations, London

+44 (0)20 3321 5598

 

Brunswick

 


Tom Burns

+44 (0)20 7404 5959

Simone Selzer 

+44 (0)20 7404 5959

   

 

Notes to editors

About The Hiscox Group

 

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 is a global specialist insurer, headquartered in Bermuda and listed on the London Stock Exchange (LSE:HSX). Our ambition is to be a respected specialist insurer with a diverse portfolio by product and geography. We believe that building balance between catastrophe-exposed business and less volatile local specialty business gives us opportunities for profitable growth throughout the insurance cycle. 

The Hiscox Group employs over 3,000 people in 14 countries, and has customers worldwide. Through the retail businesses in the UK, Europe, Asia and the USA, we offer a range of specialist insurance for professionals and business customers as well as homeowners. Internationally traded, bigger ticket business and reinsurance is underwritten through Hiscox London Market and Hiscox Re & ILS.

Our values define our business, with a focus on people, courage, ownership and integrity. We pride ourselves on being true to our word and our award-winning claims service is testament to that. For more information, visit www.hiscoxgroup.com .

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