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Hiscox Ltd on Tuesday reported improved profit estimates for its Syndicate 33 and Syndicate 6104 for the 2023 and 2024 years of account. The Bermuda-based specialist insurer said the current estimate for Syndicate 33’s 2023 year of account is between 12% and 22% of capacity, up from a previous view of 11% to 21%. For 2024, the range is now between 1.7% and 14%, compared with 0.9% to 13% previously. For Syndicate 6104, the 2023 year of account estimate was lifted to between 39% and 49% of capacity, from 30% to 40% before. The 2024 estimate is now between 5.3% and 23%, up from 2.1% to 17%. Syndicate 33 has a capacity of £1.70 billion, of which Hiscox owns 73%. Syndicate 6104 has a £19 million capacity for 2023 and £57 million for 2024, in which Hiscox has no ownership. Shares in Hiscox were up 0.8% at 1,349.00 pence in London on Tuesday morning. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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