Hiscox in 05 capacity u-turn
Hiscox is raising capacity of its Lloyd's syndicate back up to £775m after initially deciding on a 14% cut, citing foreign exchange pressures and an improved rating environment.
On 18th August 2004, Hiscox announced a proposed capacity of £725 million for Syndicate 33 in 2005. It said in a statement, the decrease from £847 million in 2004 was largely due to the weakness ofOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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