Syndicates 33 and 6104 - estimates

RNS Number : 1626M
Hiscox Ltd
31 July 2017
 

 

Syndicates 33 and 6104 - estimates

 

Hamilton, Bermuda (31 July 2017) - Hiscox Ltd (LSE: HSX), the international specialist insurer, announces the current estimates for Syndicate 33 and Syndicate 6104's 2015 and 2016 accounts.

 

The estimates for 2015 and 2016, expressed as a percentage of capacity, are as follows:

 

Syndicate

Year of account

Current estimate

Previous estimate

Capacity

Hiscox share

33

2015

5.0% to 15.0%

2.5% to 12.5%

£999m

73%

33

2016

(5.0%) to 5.0%

(5.0%) to 5.0%

£998m

73%

6104

2015

30.0% to 40.0%

25.0% to 35.0%

£65m

0%

6104

2016

10.0% to 20.0%

5.0% to 15.0%

£55m

0%

 

 

ENDS

 

 

For further information:

 

 

 

Hiscox Ltd

 

Jeremy Pinchin, Group Company Secretary

Kylie O'Connor, Head of Group Communications, London

+1 441 278 8300

+44 (0) 20 7448 6656

 

 

Brunswick

 

Tom Burns

 

+44 (0) 20 7404 5959

 

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 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. It’s a long-standing strategy which in 2016 helped generate gross premiums written of £2,402.6 million and a record profit before tax of £354.5 million.

The Hiscox Group employs over 2,300 people in 13 countries, and has customers worldwide. Through the retail businesses in the UK, Europe, Asia and the US, 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 and ILS.

Our values define our business, with a focus on people, quality, courage and excellence in execution.  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.


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