Syndicates 33 and 6104 - estimates

RNS Number : 2454G

Hiscox Ltd

06 May 2014

 



Syndicates 33 and 6104 - estimates

Hamilton, Bermuda (6 May 2014) - Hiscox Ltd (LSE: HSX), the international specialist insurer, announces the current estimates for Syndicate 33 and Syndicate 6104's 2012 and 2013 accounts.

The estimates for 2012 and 2013, expressed as a percentage of capacity, are as follows:

Syndicate	Year of account	Current estimate	Previous estimate	Capacity	Hiscox share
33	2012	2.5% to 12.5%	2.5% to 12.5%	£950m	73%
33	2013	0.0% to 10.0%	0.0% to 10.0%	£950m	73%
6104	2012	20.0% to 30.0%	20.0% to 30.0%	£39m	0%
6104	2013	25.0% to 35.0%	20.0% to 30.0%	£66m	0%

ENDS

For further information:

Hiscox Ltd

Jeremy Pinchin, Group Company Secretary                                             [phone]

Kylie O'Connor, Head of Group Communications, London                          [phone]

Brunswick                                                                                            [phone]

Tom Burns

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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