7th Jun 2006 14:03
Hiscox PLC07 June 2006 SYNDICATE 33 ESTIMATES Hiscox plc, the UK's leading specialist insurer, today releases for Syndicate 33its current estimate for the 2004 and 2005 years of account. The estimates for 2004 and 2005, expressed as a percentage of capacity, are asfollows: Year of account Current estimate Previous estimate Capacity share Hiscox plc 2004 5.0% to 12.5% 5.0% to 12.5% £846m 65% 2005 -7.5% to 2.5% -7.5% to 2.5% £774m 71% - ends - For further information: Hiscox plcBronek Masojada Chief Executive 020 7448 6012Stuart Bridges Finance Director 020 7448 6013Richard Watson Director of Underwriting Syndicate 33 020 7448 6006 MaitlandPhilip Gawith 020 7379 5151 Notes to editors 1. The Syndicate estimates are after standard personal expenses, such asManaging Agent fees and profit commission and all charges levied directly onsyndicates 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 £815 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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