Hiscox to cut Lloyd's capacity by £100m in 2011
Hiscox has published a summary of its initial 2011 business forecast for Syndicate 33. A full 2011 business forecast for Syndicate 33 will be submitted to Lloyd's by 9 July.
At this early stage Hiscox said it envisages a syndicate capacity of £900m for 2011, a reduction of £100m from 2010.
It added this reduction is driven by anticipated market conditions; however these
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