Hiscox Ltd Syndicates 33 and 6104 -- results and estimates (7340U)
03 August 2020 - 4:00PM
UK Regulatory
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 +1 441 278 8300
Kylie O'Connor, Group Communications
Director, London +44 (0)20 7448 6656
Ryan Thompson, Investor Relations Manager,
London
Brunswick +44 (0)20 7448 6522
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.
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 rns@lseg.com or visit www.rns.com.
END
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