Business
Correction: Syndicate results and estimates
Correction: Syndicate results and estimates.
About this update from Hiscox Ltd
[{"type":"text","content":"\n \n \n RNS Number : 4212V\n Hiscox Ltd\n 07 August 2020\n \n \n \n \n \n \n \n Correction: Syndicates 33 and 6104 - results and estimates\n \n \n \n \n \n This announcement corrects a typographic error in the announcement published at 7.00am on 3 August 2020 (RNS number 7340U) which incorrectly stated the previous estimates for Syndicate 33 years of account 2018 and 2019. The corrected announcement is included below.\n \n \n \n \n \n \n Hamilton, Bermuda (7 August 2020) - \n \n Hiscox Ltd (LSE: HSX), the international specialist insurer, announces the current estimates for Syndicate 33 and Syndicate 6104's 2018 and 2019 accounts.\n \n \n \n \n \n \n \n \n The estimates for 2018 and 2019, expressed as a percentage of capacity, are as follows:\n \n \n \n \n \n \n \n \n \n Syndicate\n \n \n \n \n Year of account\n \n \n \n \n Current estimate\n \n \n \n \n Previous estimate\n \n \n \n \n Capacity\n \n \n \n \n Hiscox share\n \n \n \n \n \n \n 33\n \n \n \n \n 2018\n \n \n \n \n (9.5%) to 0.5%\n \n \n \n \n (10.0%) to 0.0%\n \n \n \n \n £1,598m\n \n \n \n \n 73%\n \n \n \n \n \n \n 33\n \n \n \n \n 2019\n \n \n \n \n (13.5%) to (3.5%)\n \n \n \n \n (7.5%) to 2.5%\n \n \n \n \n £1,399m\n \n \n \n \n 73%\n \n \n \n \n \n \n 6104\n \n \n \n \n 2018\n \n \n \n \n (55.0%) to (45.0%)\n \n \n \n \n (65.0%) to (55.0%)\n \n \n \n \n £56m\n \n \n \n \n 0%\n \n \n \n \n \n \n 6104\n \n \n \n \n 2019\n \n \n \n \n (40.5%) to (30.5%)\n \n \n \n \n (75.0%) to (65.0%)\n \n \n \n \n £55m\n \n \n \n \n 0%\n \n \n \n \n \n \n \n \n \n \n \n \n ENDS\n \n \n \n \n \n \n \n \n For further information\n \n \n \n \n \n \n \n Hiscox Ltd\n \n \n \n \n \n \n \n \n \n Marc Wetherhill, Group Company Secretary, Bermuda\n \n \n \n \n +1 441 278 8300\n \n \n \n \n \n \n Kylie O'Connor, Group Communications Director, London\n \n \n \n \n +44 (0)20 7448 6656\n \n \n \n \n \n \n Ryan Thompson, Investor Relations Manager, London Brunswick\n \n \n \n \n +44 (0)20 7448 6522\n \n \n \n \n \n \n Tom Burns\n \n \n \n \n +44 (0)20 7404 5959\n \n \n \n \n \n \n Simone Selzer\n \n \n \n \n +44 (0)20 7404 5959\n \n \n \n \n \n \n \n \n \n Notes to editors:\n \n \n \n \n \n 1. The Syndicates' estimates are after standard personal expenses, such as Managing Agent fees an...