Syndicate 33 Forecast

Hiscox PLC
27 May 2003
                                                                     27 May 2003

                                   Hiscox plc

                            2001 Open Year Forecast
               for Syndicate 33 managed by Hiscox Syndicates Ltd


The Syndicate forecast shown below is after standard personal expenses but
before Members' Agents' charges. Standard personal expenses comprise managing
agent fees and profit commission and all charges levied directly on members by
Lloyd's.

Syndicate Forecast as % of capacity.


Year of Account                 Current Estimate                 Previous Estimate                Capacity

2001                            (5.0)% to (10.0)%                (2.5)% to (7.5)%                 £360m




For further information please contact:

Bronek Masojada                                     Hiscox plc                                 020 7448 6012
[e-mail]

Stuart Bridges                                      Hiscox plc                                 020 7448 6013
[e-mail]

Philip Gawith                                       The Maitland Consultancy                   020 7379 5151
[e-mail]


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