HUA Heritage Und.

    RNS Number : 0894V
  Heritage Underwriting Agency PLC
  22 May 2008
   

    

 FOR IMMEDIATE RELEASE: 22 May 2008




    Heritage Syndicate forecasts remain unchanged

Heritage Underwriting Agency plc ("HUA"), the specialist London based Lloyd's insurer, today announces that its forecasts for Syndicates
1200 and 3245 (as at 31st March, 2008) for 2006 and prior and 2007 years of account remain unchanged compared to its forecasts at 31
December 2007.

    Worldwide Property Syndicate 1200 (including sub Syndicate 3200 for 2006)

 Year of Account      Capacity £m  Heritage Share      Return on Capacity Forecast
                                                        Q1 2008            Q4 2007
 2006                         215             40%   +17.5% to +22.5%   +17.5% to +22.5%
 2007                         260             48%    +12.5% to +17.5%  +12.5% to +17.5%

     Non US Liability Syndicate 3245

 Year of Account      Capacity £m  Heritage Share     Return on Capacity Forecast
                                                       Q1 2008           Q4 2007
 2006                          49             27%  +10.0% to +15.0%  +10.0% to +15.0%
 2007                          55             28%   +7.5% to +12.5%   +7.5% to +12.5%

    All Syndicate current forecasts are based on exchange rate of US$ 1.98 to £1


    The Syndicate forecasts are struck after standard personal expenses, such as managing agency and profit commission and all charges that
are levied directly on Syndicates by Lloyd's, but before Members Agents' charges.


    For further information:

 Heritage Underwriting Agency plc             020 7712 7600
 Richard Pexton, Chief Executive 

 Haggie Financial                               02074178989


 David Haggie or ZoPocock


 KBC Peel Hunt, Nominated Adviser and Broker  020 7418 8900
 Guy Wiehahn or Oliver Stratton


    ABOUT HERITAGE UNDERWRITING AGENCY PLC

    Heritage is an established, specialist insurer based in London and underwriting through Lloyd's of London. Its business is focussed on
underwriting worldwide property and 
    non-US liability risks.. The worldwide property unit (Syndicate 1200) concentrates on underwriting short-tail risks with an emphasis on
commercial property. The non-US liability unit (Syndicate 3245, merged into Syndicate 1200 with effect from 1st January 2008) underwrites
non-US professional indemnity insurance and other liability classes. For 2008 Heritage manages total premium capacity of £325m, of which
£174m (54%) was capitalised by the Group. Heritage is part of Argo Group International Holdings, Ltd., an international speciality insurer
and reinsurer.

    ABOUT ARGO GROUP INTERNATIONAL HOLDINGS, LTD.

    Headquartered in Hamilton, Bermuda, Argo Group International Holdings, Ltd. (NasdaqGS: AGII) is an international underwriter of
specialty insurance and reinsurance products in the property and casualty market. Argo Group offers a full line of high-quality products and
services designed to meet the unique coverage and claims handling needs of businesses in four primary segments: Excess and Surplus Lines,
Commercial Specialty, International Specialty and London.  Information on Argo Group and its subsidiaries is available at
www.argolimited.com. 


This information is provided by RNS
The company news service from the London Stock Exchange
 
  END 
 
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