Insurance Post

Hardy reports 115% jump in profits

Lloyd’s insurer Hardy Underwriting today reported a 115% increase in pre tax profit for the 12 months to 31 December 2003 of £14.35m. This was achieved on a gross written premium of £59.2m (2003: £49.5m).

Overall the company recorded an combined ratio for its Syndicate 382 of 81.2%, which the company attributed to underwriting strength.

Chairman Peter Hardy added: “We remain enthusiastic about the

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