Last checked at 12 May 2015 07:00
Syndicates 33 and 6104 - estimates
Hamilton, Bermuda (12 May 2015) - Hiscox Ltd (LSE: HSX), the international specialist insurer, announces the current estimates for Syndicate 33 and Syndicate 6104's 2013 and 2014 accounts.
The estimates for 2013 and 2014, expressed as a percentage of capacity, are as follows:
Syndicate | Year of account | Current estimate | Previous estimate | Capacity | Hiscox share |
33 | 2013 | 2.5% to 12.5% | 0.0% to 10.0% | £950m | 73% |
33 | 2014 | 0.0% to 10.0% | 0.0% to 10.0% | £1,000m | 73% |
6104 | 2013 | 35.0% to 45.0% | 35.0% to 45.0% | £66m | 0% |
6104 | 2014 | 20.0% to 30.0% | 15.0% to 25.0% | £72m | 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, the international specialist insurer, is headquartered in Bermuda and listed on the London Stock Exchange (LSE:HSX). There are three main underwriting divisions in the Group - Hiscox London Market, Hiscox Re and Hiscox Retail (which includes Hiscox UK and Europe, Hiscox Guernsey, Hiscox USA and subsidiary brand, DirectAsia). Hiscox underwrites internationally traded, bigger ticket business and reinsurance through Hiscox Re and Hiscox London Market. Through its retail businesses in the UK, Europe and the US Hiscox offers a range of specialist insurance for professionals and business customers, as well as homeowners.
For further information, visit www.hiscoxgroup.com.