Hiscox Ltd Syndicates 33 and 6104 - estimates (4108O)

TIDMHSX

RNS Number : 4108O

Hiscox Ltd

07 November 2016

Syndicates 33 and 6104 - estimates

Released : 7/11/2016

RNS Number :

Hiscox Ltd

7 November 2016

Syndicates 33 and 6104 - estimates

Hamilton, Bermuda (7 November 2016) - Hiscox Ltd (LSE: HSX), the international specialist insurer, announces the current estimates for Syndicate 33 and Syndicate 6104's 2014 and 2015 accounts.

The estimates for 2014 and 2015, expressed as a percentage of capacity, are as follows:

 
 Syndicate    Year of     Current        Previous    Capacity   Hiscox 
              account    estimate        estimate                share 
----------  ---------  ----------  --------------  ----------  ------- 
                          5.0% to 
        33       2014       15.0%   5.0% to 15.0%   GBP1,000m      73% 
----------  ---------  ----------  --------------  ----------  ------- 
                          0.0% to 
        33       2015       10.0%   0.0% to 10.0%   GBP1,000m      73% 
----------  ---------  ----------  --------------  ----------  ------- 
                         30.0% to        27.5% to 
      6104       2014       40.0%           37.5%      GBP72m       0% 
----------  ---------  ----------  --------------  ----------  ------- 
                         25.0% to        20.0% to 
      6104       2015       35.0%           30.0%      GBP65m       0% 
----------  ---------  ----------  --------------  ----------  ------- 
 

ENDS

 
 For further information: 
 
 Hiscox Ltd 
 Jeremy Pinchin, Group Company 
  Secretary 
  Kylie O'Connor, Head of Group    [phone] 
  Communications, London            [phone] 
 
 Brunswick 
 Tom Burns                         [phone] 
 

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 divisions in the Group - Hiscox Retail (which includes Hiscox UK and Europe, Hiscox Guernsey, Hiscox USA and subsidiary brand, DirectAsia), Hiscox London Market and Hiscox Re. Through its retail businesses in the UK, Europe and the US Hiscox offers a range of specialist insurance for professionals and business customers, as well as homeowners. Hiscox underwrites internationally traded, bigger ticket business and reinsurance through Hiscox London Market and Hiscox Re.

For further information, visit www.hiscoxgroup.com.

This information is provided by RNS

The company news service from the London Stock Exchange

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November 07, 2016 02:00 ET (07:00 GMT)