Weak pound leads Hiscox to increase capacity
Hiscox has said it will not decrease the capacity of Hiscox Syndicate 33 at Lloyd’s to £550m as previously planned and will increase it to £750m for the 2009 account.
The insurer has also applied to Lloyd’s to start a new wholly owned Syndicate 3624 with a capacity of £60m.
In a statement, Hiscox said: “We paid off all outstanding debt earlier in the year and our
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