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.
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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
