Bermuda-headquartered international specialist insurer Hiscox has released current estimates for the 2024 and 2025 accounts of Syndicate 33 and Syndicate 6104, reflecting minor upward revisions across most accounts compared to its August 2026 projections.
For the 2024 year of account, the estimates have remained the same for Syndicate 33, standing at 6.1% to 16.1%, on its capacity of £1.696 billion, of which Hiscox holds a 73% share.
For the 2025 year of account, Syndicate 33 aims to generate a return of 3.5% to 13.5%, compared to the previous estimated range of 3.4% to 13.4% on its capacity of £1.699 billion, of which Hiscox holds a 73% share.
Syndicate 6104, in which Hiscox holds no ownership share, saw upward revisions across both years. Its 2024 year of accounts is now estimated to generate a return of 11.5% to 23.0% on its £56 million capacity, compared to the previous range of 10.3% to 22.8%
Meanwhile, for the 2025 year of account, Syndicate 6104 is expected to produce a return in the range of 28.4% to 38.4%, on the capacity of £78 million, compared to the previous estimate range of 28.2% to 38.2%.
All estimates are expressed as a percentage of capacity and are calculated after standard personal expenses, including managing agent fees and profit commission and all charges levied directly on syndicates by Lloyd’s, but before Members Agents’ charges.
