Hiscox Ltd Syndicates 33 and 6104 -- results and estimates (7340U)

TIDMHSX

RNS Number : 7340U

Hiscox Ltd

03 August 2020

Syndicates 33 and 6104 - results and estimates

Hamilton, Bermuda (3 August 2020) - Hiscox Ltd (LSE: HSX), the international specialist insurer, announces the current estimates for Syndicate 33 and Syndicate 6104's 2018 and 2019 accounts.

The estimates for 2018 and 2019, expressed as a percentage of capacity, are as follows:

 
 Syndicate   Year of account   Current estimate   Previous estimate    Capacity    Hiscox share 
    33            2018           (9.5%) to 0.5%       (8.5%) to 2.0%   GBP1,598m            73% 
            ----------------  -----------------  -------------------  ----------  ------------- 
                                     (13.5%) to 
    33            2019                   (3.5%)       (8.0%) to 2.0%   GBP1,399m            73% 
            ----------------  -----------------  -------------------  ----------  ------------- 
                                     (55.0%) to 
   6104           2018                  (45.0%)   (65.0%) to (55.0%)      GBP56m             0% 
            ----------------  -----------------  -------------------  ----------  ------------- 
                                     (40.5%) to 
   6104           2019                  (30.5%)   (75.0%) to (65.0%)      GBP55m             0% 
            ----------------  -----------------  -------------------  ----------  ------------- 
 

ENDS

For further information

 
 Hiscox Ltd 
 Marc Wetherhill, Group Company Secretary, 
  Bermuda                                      [phone] 
 Kylie O'Connor, Group Communications 
  Director, London                             [phone] 
 Ryan Thompson, Investor Relations Manager, 
  London 
  Brunswick                                    [phone] 
 Tom Burns                                     [phone] 
 Simone Selzer                                 [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 is a global specialist insurer, headquartered in Bermuda and listed on the London Stock Exchange (LSE:HSX). Our ambition is to be a respected specialist insurer with a diverse portfolio by product and geography. We believe that building balance between catastrophe-exposed business and less volatile local specialty business gives us opportunities for profitable growth throughout the insurance cycle.

The Hiscox Group employs over 3,400 people in 14 countries, and has customers worldwide. Through the retail businesses in the UK, Europe, Asia and the USA, we offer a range of specialist insurance for professionals and business customers as well as homeowners. Internationally traded, bigger ticket business and reinsurance is underwritten through Hiscox London Market and Hiscox Re & ILS.

Our values define our business, with a focus on people, courage, ownership and integrity. We pride ourselves on being true to our word and our award-winning claims service is testament to that. For more information, visit www.hiscoxgroup.com .

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

END

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August 03, 2020 02:00 ET (06:00 GMT)