6 May 2014 07:01
Syndicates 33 and 6104 - estimates
Hamilton, Bermuda (6 May 2014) - Hiscox Ltd (LSE: HSX), the international specialist insurer, announces the current estimates for Syndicate 33 and Syndicate 6104's 2012 and 2013 accounts.
The estimates for 2012 and 2013, expressed as a percentage of capacity, are as follows:
Syndicate | Year of account | Current estimate | Previous estimate | Capacity | Hiscox share |
33 | 2012
| 2.5% to 12.5%
| 2.5% to 12.5%
| £950m
| 73%
|
33 | 2013
| 0.0% to 10.0%
| 0.0% to 10.0%
| £950m
| 73%
|
6104 | 2012
| 20.0% to 30.0%
| 20.0% to 30.0%
| £39m
| 0%
|
6104 | 2013
| 25.0% to 35.0%
| 20.0% to 30.0%
| £66m
| 0%
|
ENDS
For further information:
Hiscox Ltd
Jeremy Pinchin, Group Company Secretary +1 441 278 8300
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 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
Hiscox (HSX)