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%|
For further information:
|Kylie O’Connor, Head of Group Communications, London||+44 (0) 20 7448 6656|
|Brunswick||+44 (0) 20 7404 5959|
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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