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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Hiscox Ltd       

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Hiscox Ltd : Syndicate Results

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11/07/2011 | 02:35am EDT

Syndicates 33 and 6104 - estimates


Hamilton, Bermuda (7 November 2011) - Hiscox Ltd (LSE: HSX), the international specialist insurer, announces the current estimates for Syndicate 33 and Syndicate 6104's 2009 and 2010 accounts.


The estimates for 2009 and 2010, expressed as a percentage of capacity, are as follows:


Syndicate

Year of account

Current estimate

Previous estimate

Capacity

Hiscox share

33

2009

22.5% to 30.0%

17.5% to 25.0%

£750m

73%

33

2010

-10.0% to 0.0%

-10.0% to 0.0%

£1,000m

73%

6104

2009

55.0% to 65.0%

55.0% to 65.0%

£43m

0%

6104

2010

-10.0% to 10.0%

-10.0% to 10.0%

£45m

0%



ENDS


For further information:


Hiscox Ltd


Charles Dupplin, 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

Daniel Thole


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 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.



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