10 May 2022 10:38
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Syndicates 33 and 6104 - results and estimates
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Hamilton, Bermuda (10 May 2022) - Hiscox Ltd (LSE: HSX), the international specialist insurer, announces the current estimates for Syndicate 33 and Syndicate 6104's 2020 and 2021 accounts.
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The estimates for 2020 and 2021, expressed as a percentage of capacity, are as follows:
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Syndicate | Year of account | Current estimate | Previous estimate | Capacity | Hiscox share |
33 | 2020 | (7.5%) to 2.5% | (8.2%) to 1.7% | £1,698m | 73% |
33 | 2021 | (4.1%) to 5.9% | (2.6%) to 7.4% | £1,699m | 73% |
6104 | 2020 | (13.4%) to (3.4%) | (12.4%) to (2.4%) | £44m | 0% |
6104 | 2021 | (19.5%) to (4.5%) | (22%) to (12%) | £23m | 0% |
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ENDS
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For further information:
Hiscox Ltd
Marc Wetherhill, Group Company Secretary, Bermuda +1 441 278 8321
Kylie O'Connor, Group Communications Director, London +44 (0)20 7448 6656Â
Yana O'Sullivan, Head of Investor Relations, London +44 (0)20 3321 5598
Brunswick
Tom Burns +44 (0)20 7404 5959
Simone Selzer +44 (0)20 7404 5959
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Notes to editors
About The Hiscox Group
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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.
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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.
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The Hiscox Group employs over 3,000 people in 14 countries, and has customers worldwide. Through the retail businesses in the UK, Europe, Asia and the USA, 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 & ILS.
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Our values define our business, with a focus on people, courage, ownership and integrity. 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.
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