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
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
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%.
BS
-
What Disney tells us about how we draw investment conclusions -
High pension fees could take £70k from your retirement pot – time to check what you’re payingEight out of 10 savers have no idea what fees they are paying to their pension provider to manage their retirement fund, and these charges can vary wildly.
