Hiscox has released today the updated summary of its 2007 business forecast for Syndicate 33.
The plan envisages a syndicate capacity of £875m for 2007, which is an increase of 5% on the previously announced figure of £833m. The increase will, according to the report, provide Syndicate 33 with the ability to react effectively to additional underwriting opportunities as they arise.
As a result of this pre-emption Syndicate 33's capacity will trade in the final auction on 17 November 2006.
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