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Syndicates 33 and 6104 estimates

10 Nov 2014 11:25

RNS Number : 5883W
Hiscox Ltd
10 November 2014
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Syndicates 33 and 6104 - estimates

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Hamilton, Bermuda (10 November 2014) - Hiscox Ltd (LSE: HSX), the international specialist insurer, announces the current estimates for Syndicate 33 and Syndicate 6104's 2012 and 2013 accounts.

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The estimates for 2012 and 2013, 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

2012

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10.0% to 17.5%

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2.5% to 12.5%

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Β£950m

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73%

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33

2013

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0.0% to 10.0%

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0.0% to 10.0%

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Β£950m

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73%

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6104

2012

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30.0% to 40.0%

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25.0% to 35.0%

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Β£39m

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0%

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6104

2013

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35.0% to 45.0%

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30.0% to 40.0%

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Β£66m

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0%

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ENDS

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For further information:

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Hiscox Ltd

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Jeremy Pinchin, Group Company Secretary +1 441 278 8300

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Kylie O'Connor, Head of Group Communications, London +44 (0) 20 7448 6656

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Brunswick +44 (0) 20 7404 5959

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Tom Burns

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Notes to editors:

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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, the international specialist insurer, is headquartered inΒ BermudaΒ 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 HiscoxΒ UKΒ andΒ 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.

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For further information visit www.hiscoxgroup.com

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This information is provided by RNS
The company news service from the London Stock Exchange
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END
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