Syndicate 33 Capacity Syndicate 33
Capacity and Hiscox ownership (£m) Hiscox Ltd ownership Gross premiums written (£m)
Qualifying quota share*
1,200 1,200
57
1,024 1,034
66
994
39
37
1,000
1,000 1,000 885
48
872
874 87
950
846 25
950
827 844 830 825
900
57 786
842
832
722
34
800 800
774
750
725
201
700
689
689
567
653
635
604
600 600
550
550
547
544
508
504
400 400
360
277
200 200
191
0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
*Quota share reinsurance policies, which Lloyd’s allows in certain circumstances, that enable a syndicate to write gross premium
in excess of its capacity.
Syndicate 33
Gross premiums written currency split (%)
4% CAD
9% EUR
12% GBP
75% USD
Insurance carriers Hiscox Ltd Report and Accounts 2012 31