Hiscox sees Syndicate 33 retaining capacity

published 16 July 2012

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.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

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%.