Hamilton, Bermuda (1 August 2011) - Hiscox Ltd (LSE: HSX), the international specialist insurer, announces the current estimates for Syndicate 33 and Syndicate 6104’s 2009 and 2010 accounts.
The estimates for 2009 and 2010, expressed as a percentage of capacity, are as follows:
| Syndicate | Year of account | Current estimate | Previous estimate | Capacity | Hiscox share |
| 33 | 2009 | 17.5% to 25.0% | 15.0% to 22.5% | £750m | 73% |
| 33 | 2010 | -10.0% to 0.0% | -10.0% to 0.0% | £1,000m | 73% |
| 6104 | 2009 | 55.0% to 65.0% | 55.0% to 65.0% | £43m | 0% |
| 6104 | 2010 | -10.0% to 10.0% | -10.0% to 10.0% | £45m | 0% |
ENDS
For further information:
| Hiscox Ltd | |
| Charles Dupplin, Company Secretary | +1 441 278 8300 |
| Kylie O’Connor, Head of Group Communications, London | +44 (0) 20 7448 6656 |
| Brunswick | +44 (0) 20 7404 5959 |
| Tom Burns | |
| Daniel Thole | |
Notes to editors
- 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.
- Hiscox, the international specialist insurer, is headquartered in Bermuda and listed on the London Stock Exchange (LSE:HSX). There are three main underwriting parts of the Group - Hiscox London Market, Hiscox UK and Europe and Hiscox International. Hiscox London Market underwrites internationally traded business in the London Market - generally large or complex business which needs to be shared with other insurers or needs the international licences of Lloyd's. Hiscox UK and Hiscox Europe offer a range of specialist insurance for professionals and business customers, as well as high net worth individuals. Hiscox International includes operations in Bermuda, Guernsey and USA.
For further information, visit www.hiscox.com.
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