Director Shareholding

Hiscox PLC
27 September 2001


FOR IMMEDIATE RELEASE  27 September 2001



                                  HISCOX PLC

                            Director Shareholding


The Board of Hiscox has been notified of the following acquisition of ordinary
shares of 5p each in Hiscox, which was made on 26 September 2001.


                   Shares       Price per          Holding following this
                  acquired        share                 notification

Derek              20,000          92p           20,000           (0.01%)
Netherton