Hiscox confirmed it has secured its target of £847m of capacity for 2004. Hiscox will own 65% of this capacity.
Hiscox chief executive Bronek Masojada said: "We continue to forecast an excellent result for the 2002 year of account and experience a strong market in 2003."
The Lloyd's insurer said forecasts for the 2001 and 2002 years of account were unchanged from those announced at the end of the second quarter.
The company said both of these years of account continued to develop in line with expectations.
