23rd Nov 2009 12:46
Syndicates 33 and 6104 estimates
Hamilton, Bermuda (23 November 2009) - Hiscox Ltd (LSE: HSX), the international specialist insurer, announces its current estimates for Syndicate 33's 2007 and 2008 years of account and for Syndicate 6104's 2008 account.
The estimates for 2007 and 2008, expressed as a percentage of capacity, are as follows:
|
Syndicate |
Year of account |
Current estimate |
Previous estimate |
Capacity |
Hiscox share |
|
33 |
2007 |
22.5% to 30.0% |
17.5% to 25.0% |
£874m |
73% |
|
33 |
2008 |
0.0% to 7.5% |
0.0% to 7.5% |
£700m |
73% |
|
6104 |
2008 |
25.0% to 32.5% |
22.5% to 30.0% |
£34m |
0% |
ENDS
For further information:
Hiscox Ltd
Charles Dupplin, Company Secretary, Bermuda +1 441 278 8300
Kylie O'Connor, Head of Communications, London +44 (0) 207 448 6656
Maitland +44 (0) 207 379 5151
Anthony Silverman
Rebecca Mitchell
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. Hiscox Insurance Company Limited, Hiscox Underwriting Ltd, Hiscox Europe Underwriting Ltd and Hiscox Syndicates Limited are authorised and regulated by the Financial Services Authority.
For further information, visit www.hiscox.com.
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