Hiscox adds £100m to capacity

Lloyd’s insurer Hiscox expects to write £100m more business in 2012 than in the past year, it said yesterday. It expects its Lloyd’s syndicate 33 to need a capacity of £1bn this year, up from £900m in 2011, as it said the market was improving, particularly for reinsurance, and it wanted space available “in the event of a widespread market turn.”