2017 Account result: + 0.004%. Previous midpoint -2.5%

2018 Account estimates: unchanged at 0.0% to -10.0%

2019 Account estimates: 2.5% to -7.5%

SPA 6104

2017 Account result: -35.02%; previously -30% to -40%

2018 Account estimates: unchanged at -50% to -60%

2019 Account estimates: -85% to -95%*

*The background to this estimate is Hiscox's long-standing book of Japanese treaty business which was impacted by the 2019 Typhoons Faxai and Hagibis. Hiscox believes that it has estimated for these events conservatively. We mentioned in the HUR estimates Bulletin of early November that we expected Hiscox 6104 to be particularly impacted by the losses of 2019. The SPA will also have experienced claims from Hurricane Dorian which impacted the Bahamas and the US.

Separately, Hiscox released its 2019 year end results as a group and we have published a separate article on those today.