Hiscox Limited has released an interim management statement for the quarter ended 31 March 2013. This is upbeat, reporting gross income up more than 12% on the same period in 2012, with errors and omissions business reported as one of the main drivers. The London market division also witnessed growth in property and specialty lines.

Hiscox has also provided updated syndicate forecasts for the open years of account as at 31 March 2013. All four syndicate/years are showing an improvement over the previous quarter.

Syndicate 33

 

Year of account

Forecast as at 31 March 2013

Forecast at 31 December 2012

2011

-2.5% to +7.5%

-5% to +5%

2012

-2.5% to +7.5%

-5% to +5%

Syndicate 6104

 

Year of account

Forecast as at 31 March 2013

Forecast at 31 December 2012

2011

+10% to +20%

+5% to +20%

2012

+5% to +20%

-10% to +10%

The full interim management statement can be found here