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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.”