Hiscox Ltd Syndicates 33 and 6104 -- results and estimates (9362K)
May 10 2022 - 4:38AM
UK Regulatory
TIDMHSX
RNS Number : 9362K
Hiscox Ltd
10 May 2022
Syndicates 33 and 6104 - results and estimates
Hamilton, Bermuda (10 May 2022) - Hiscox Ltd (LSE: HSX), the
international specialist insurer, announces the current estimates
for Syndicate 33 and Syndicate 6104's 2020 and 2021 accounts.
The estimates for 2020 and 2021, expressed as a percentage of
capacity, are as follows:
Syndicate Year of Current estimate Previous estimate Capacity Hiscox share
account
33 2020 (7.5%) to 2.5% (8.2%) to 1.7% GBP1,698m 73%
--------- ------------------ ------------------ ---------- -------------
33 2021 (4.1%) to 5.9% (2.6%) to 7.4% GBP1,699m 73%
--------- ------------------ ------------------ ---------- -------------
6104 2020 (13.4%) to (3.4%) (12.4%) to (2.4%) GBP44m 0%
--------- ------------------ ------------------ ---------- -------------
6104 2021 (19.5%) to (4.5%) (22%) to (12%) GBP23m 0%
--------- ------------------ ------------------ ---------- -------------
ENDS
F or further information:
Hiscox Ltd
Marc Wetherhill, Group Company Secretary, Bermuda +1 441 278 8321
Kylie O'Connor, Group Communications Director, London +44 (0)20 7448 6656
Yana O'Sullivan, Head of Investor Relations, London +44 (0)20 3321 5598
Brunswick
Tom Burns +44 (0)20 7404 5959
Simone Selzer +44 (0)20 7404 5959
Notes to editors
About The Hiscox Group
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 3,000 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 .
.
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END
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