Executive Summary
Hiscox plc is a specialist international insurance group. Established in 1901, there are three main underwriting businesses ??? Syndicate 33 at Lloyd's, UK Retail and International Retail. Syndicate 33 at Lloyd's underwrites mainly internationally traded business in the London market ??? generally large or complex business which needs to be shared with other insurers or needs the international licences of Lloyd's. The UK Retail business offers specialist insurance for profession-based businesses and high net worth home and contents insurance. The International Retail business writes high value household and some specialist professional indemnity business. These businesses share several characteristics: a focus on selected classes of insurance markets where expertise and brains make a difference, leading positions in those specialist markets, and a history of creating dynamic insurance solutions.
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