13th Mar 2006 07:02
Hiscox PLC13 March 2006 13 March 2005 For immediate release HISCOX PLC ANNOUNCEMENT Syndicate 33 Estimates Hiscox plc, the UK's leading specialist insurer, today releases for Syndicate 33the final result for the 2003 year of account. The company also announces itscurrent estimate for Syndicate 33 for the 2004 year of account and an initialestimate for the 2005 year of account. The results for 2003 and the estimates for 2004 and 2005, expressed as apercentage of capacity, are as follows: Year of Final result Previous estimate Capacity Hiscox plcAccount share 2003 19.4% 15.0% to 20.0% £842m 65% Current estimate 2004 5.0% to 12.5% 5.0% to 12.5% £846m 65% 2005 -7.5% to 2.5% ___ £774m 71% - ends -For further information: Hiscox plc Bronek Masojada Chief Executive 020 7448 6012Stuart Bridges Finance Director 020 7448 6013Richard Watson Director of Underwriting 020 7448 6006 Syndicate 33 The Maitland Consultancy Suzanne Bartch 020 7379 5151Notes to editors 1. The Syndicate results and estimates are after standard personalexpenses, such as Managing Agent fees and profit commission and all chargeslevied directly on syndicates by Lloyd's, but before Members Agents' charges. 2. Hiscox plc is a specialist insurance group listed on the London StockExchange where it has a market capitalisation of circa £980 million. There arethree main underwriting parts of the Group - Hiscox Global Markets, Hiscox UKand Europe, and Hiscox International. Hiscox Global Markets underwrites mainlyinternationally traded business in the London Market - generally large orcomplex business which needs to be shared with other insurers or needs theinternational licences of Lloyd's. Hiscox UK and Hiscox Europe offer a range ofspecialist insurance for professionals and business customers, as well as highnet worth individuals. Hiscox International includes offshore operations inBermuda and Guernsey and our new business in the USA. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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