Hiscox sees Syndicate 33 retaining capacity

16th Jul 2012 07:20

Hiscox, the specialist insurance group, says it expects capacity in its Syndicate 33 to remain broadly unchanged in 2013.The company expects the syndicate, in which it holds a 73% share, to underwrite up to £950m.Another syndicate, number 6104, which Hiscox manages solely on behalf of third parties, will target a capacity of £50m.Hiscox is obliged to publish the data because of the participation of third party capital in both syndicates.Over the last 12 months Hiscox shares have risen 3.7%.BS