Holding in Company

Hiscox PLC
28 September 2001

FOR IMMEDIATE RELEASE     28 September 2001

                          HISCOX PLC (the 'Company')

                              Holding in Company

The Company was notified on 26 September 2001 that Parsimony Limited has an
interest in 8,615,000 ordinary shares of 5p each in the Company, or 5.8 per
cent. of the Company's issued ordinary share capital.