Hiscox leaves syndicate estimates unchanged

Hiscox has lefts its estimates for Syndicate 33 for the 2004 and 2005 years of account unchanged.

The group said the estimated profit for 2004 remains at 5-12.5% of capacity, while the estimate for 2005 ranges from a loss of 7.5% to a profit of 2.5%.

Hiscox's capacity share of the syndicate is £846m for 2004 and £774m for 2005.