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Hiscox Ltd - Hamilton, Bermuda-based insurer - Outlines results for 2019 syndicates, as well as estimates for 2020 and 2021. Says syndicate 33 for 2019 has closing result of a 1.5% loss, within Hiscox's previous estimate which ranged from a 7.0% loss to 3.0% gain. The line had a capacity of £1.40 billion and company had a 73% share.
For 2020, current estimate for Syndicate 33 ranges from 8.2% loss to 1.7% gain, downwardly revised a touch from 8.0% loss to 2.0% gain. Hiscox has a 73% share of the syndicate, which has a £1.70 billion capacity. Syndicate 33 estimate for 2021 ranges from a 2.6% loss to a 7.4% gain.
Current stock price: 828.00, closed down 7.0% on Friday
12-month change: down 8.6%
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