Hiscox Ltd 2021 Syndicate Business Forecast (9455Y)
September 14 2020 - 11:35AM
UK Regulatory
TIDMHSX
RNS Number : 9455Y
Hiscox Ltd
14 September 2020
Hiscox Syndicate 33, 2021 Syndicate Business Forecast
Hamilton, Bermuda (14 September 2020) - Hiscox Ltd (LSE: HSX),
the international specialist insurer, announces that it has
published today a summary of its 2021 Syndicate Business Forecast
for Syndicate 33.
The summary business forecast is available at
https://www.hiscoxgroup.com/investors/lloyds-reporting .
Hiscox currently envisages that 2021 capacity for Syndicate 33
will be GBP1.7 billion (2020: GBP1.7 billion), subject to Lloyd's
approval. The Syndicate expects to deliver premium growth in 2021,
driven mainly by positive rate momentum in the majority of classes
as market conditions continue to improve.
Hiscox is required to make this information public at this stage
of the year due to the participation of third party capital
providers.
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:
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 .
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END
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