Hiscox Ltd Syndicates 33 and 6104 - estimates (7047V)
07 November 2017 - 6:00PM
UK Regulatory
TIDMHSX
RNS Number : 7047V
Hiscox Ltd
07 November 2017
Syndicates 33 and 6104 - estimates
Hamilton, Bermuda (7 November 2017) - Hiscox Ltd (LSE: HSX), the
international specialist insurer, announces the current estimates
for Syndicate 33 and Syndicate 6104's 2015 and 2016 accounts.
The estimates for 2015 and 2016, expressed as a percentage of
capacity, are as follows:
Syndicate Year of Current Previous Capacity Hiscox
account estimate estimate share
---------- --------- ---------- -------------- --------- -------
5.0% to
33 2015 15.0% 5.0% to 15.0% GBP999m 73%
---------- --------- ---------- -------------- --------- -------
(7.5%) to (5.0%) to
33 2016 2.5% 5.0% GBP998m 73%
---------- --------- ---------- -------------- --------- -------
30.0% to 30.0% to
6104 2015 40.0% 40.0% GBP65m 0%
---------- --------- ---------- -------------- --------- -------
20.0% to 10.0% to
6104 2016 30.0% 20.0% GBP55m 0%
---------- --------- ---------- -------------- --------- -------
ENDS
For further information:
Hiscox Ltd
Marc Wetherhill, Group Company
Secretary (Bermuda)
Kylie O'Connor, Head of Group +1 441 278 8321
Communications (London) +44 (0) 20 7448 6656
Brunswick
Tom Burns +44 (0) 20 7404 5959
Simone Selzer +44 (0) 20 7404 5959
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. It's a long-standing
strategy which in 2016 helped generate gross premiums written of
GBP2,402.6 million and a record profit before tax of GBP354.5
million.
The Hiscox Group employs over 2,300 people in 13 countries, and
has customers worldwide. Through the retail businesses in the UK,
Europe, Asia and the US, 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 and
ILS.
Our values define our business, with a focus on people, quality,
courage and excellence in execution. 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 company news service from the London Stock Exchange
END
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