Lloyd’s insurer Hiscox said the first quarter 2004 forecasts for Syndicate 33 were unchanged from those announced for the fourth quarter for the 2001, 2002 and 2003 years of account.
These years of account continue to develop in line with expectations, said the insurer.
For the 2001 year of account the current forecast is for a loss of 17.5% to 22.5% with a capacity of £360m. For 2002, the forecast is 22.5% to 27.5% with capacity of £504m.
For 2003, the current forecast is 12.5% to 17.5% with capacity of £842m.
