Syndicates 33 and 6104 - estimates

25th October 2012

 

 

Hamilton, Bermuda (25 October 2012) - Hiscox Ltd (LSE: HSX), the international specialist insurer, announces the current estimates for Syndicate 33 and Syndicate 6104’s 2010 and 2011 accounts.

 

The estimates for 2010 and 2011, expressed as a percentage of capacity, are as follows:

Syndicate Year of account Current estimate Previous estimate Capacity Hiscox share
33 2010 -2.5% to 7.5% -5.0% to 5.0% £1,000m 73%
33 2011 -5.0% to 5.0% -5.0% to 5.0% £900m 73%
6104 2010 5.0% to 15.0% 0.0% to 15.0% £45m 0%
6104 2011 5.0% to 20.0% 5.0% to 20.0% £37m 0%

ENDS

For further information:

 

 

Hiscox Ltd
   
Kylie O’Connor, Head of Group Communications, London +44 (0) 20 7448 6656
 
Brunswick +44 (0) 20 7404 5959
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 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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