Hiscox Ltd is a holding company for subsidiaries involved in the business of insurance in the United Kingdom and overseas. It is a specialist insurer with covering a range of specialist personal and business risks, and offices and customers around the world. It operates in three segments: London market, which comprises the results of Syndicate 33, excluding Syndicate 33's specie, fine art and non-United States household business; United Kingdom and Europe comprises the results of Hiscox Insurance Company Limited, the results of Syndicate 33's specie, fine art and non-United States household business, and International comprises the results of Hiscox Insurance Company (Guernsey) Limited and Hiscox Insurance Company (Bermuda) Limited. Corporate Centre, which comprises the investment return, finance costs and administrative costs associated with Group management activities. Corporate Centre also includes the majority of foreign currency items on economic hedges and intragroup borrowings.