14th Dec 2005 07:01
Hiscox PLC14 December 2005 14 December 2005For immediate release HISCOX PLC ANNOUNCEMENT Syndicate 33 Estimates Specialist insurance group, Hiscox plc, today announces its estimate forSyndicate 33's results for the 2003 and 2004 years of account following the Q3reserving process. Year of Current estimate Previous estimate Capacity Hiscox plc shareaccount 2003 15.0% to 20.0% 12.5% to 17.5% £842m 65%2004 5.0% to 12.5% 5.0% to 12.5% £846m 65% - ends - For further information: Hiscox plc Bronek Masojada Chief Executive 020 7448 6012Stuart Bridges Finance Director 020 7448 6013 The Maitland Consultancy Suzanne Bartch 020 7379 5151 Notes to editors 1. The Syndicate results and 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 plc is a specialist insurance group listed on the London Stock Exchange where it has a market capitalisation of circa £850 million. There are three main underwriting parts of the Group - Syndicate 33 at Lloyd's of London, UK Retail and International Retail. Syndicate 33 underwrites mainly 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. The UK Retail business offers a wide range of specialist insurance for professionals and business customers, as well as high net worth individuals. Hiscox has offices throughout the UK in Birmingham, Bristol, Colchester, Glasgow, Leeds, London and Maidenhead. Hiscox's international offices are located in Amsterdam, Bermuda, Brussels, Dublin, Guernsey, Madrid, Munich and Paris. For further information, go to www.hiscox.com This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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