31st May 2005 07:00
Hiscox PLC31 May 2005 HISCOX PLC ANNOUNCEMENT Syndicate 33 Estimates Hiscox plc, the UK's leading specialist insurer, today announces its currentestimate for Syndicate 33 for the 2003 and 2004 years of account. Year of Current estimate Previous estimate Capacity Hiscox plcaccount share2003 12.5% to 17.5% 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 plcBronek Masojada Chief Executive 020 7448 6012Stuart Bridges Finance Director 020 7448 6013Robert Childs Director of Underwriting 020 7448 6645Fiona Fong Director of Communications 020 7448 6447 The Maitland ConsultancyPhilip Gawith 020 7379 5151 Notes 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 £500 million. There arethree main underwriting parts of the Group - Global Markets, UK Retail andInternational Retail. Global Markets underwrites, via Syndicate 33, 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. The UK Retail business offers a wide range ofspecialist insurance for professionals and business customers, as well as highnet worth individuals. It has regional offices in Birmingham, Glasgow, Leeds,Maidenhead and Colchester. The International Retail business has offices inParis, Amsterdam, Munich, Brussels and Guernsey. The European offices writemainly fine art, high value household business and some specialist professionalindemnity business. The Guernsey office underwrites fine art business and kidnapand ransom. Hiscox is the largest specialist fine art and high net worth insurerin Europe. 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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