Hiscox Ltd 2018 Syndicate Business Forecast (3122T)
October 11 2017 - 4:29AM
UK Regulatory
TIDMHSX
RNS Number : 3122T
Hiscox Ltd
11 October 2017
Hiscox Syndicate 33, 2018 Syndicate Business Forecast
Hamilton, Bermuda (11 October 2017) -- Hiscox Ltd (LSE:HSX), the
international specialist insurer, today announces that it has
published on its company website a summary of its 2018 business
forecast for Syndicate 33. The summary business forecast is
available at www.hiscoxgroup.com in the Investors section under
Lloyd's Reporting.
At this stage Hiscox envisages a 2018 capacity of GBP1.6 billion
for Syndicate 33, subject to Lloyd's approval. This represents an
increase of GBP450 million from 2017.
The increase in capacity is driven by an anticipated improvement
in market conditions and a desire to have sufficient capacity
available to participate in a widespread market turn. This follows
a period of significant catastrophe activity in 2017 in which more
than US$100 billion of industry capital is estimated to have been
destroyed.
Hiscox is required to disclose this information publicly due to
the participation in its Syndicates by third party capital
providers.
This information is provided by RNS
The company news service from the London Stock Exchange
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October 11, 2017 05:29 ET (09:29 GMT)
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