Insight and Intelligence on the London & International Insurance Markets

4 February 2012

AM Best gives Hardy stable rating outlook

16 February 2010

Bermuda-domiciled Lloyd's insurer Hardy has received a stable ratings outlook from AM Best, ahead of its full year results due at the beginning of March.

The US rating agency gave Syndicate 382, which is managed by Hardy (Underwriting Agencies) or (HUA), a rating of A (excellent) and an issuer credit rating (ICR) of a+.

Hardy Underwriting has ambitions to double premium income between 2008 and 2012, and in its third quarter statement in November revealed that total gross premiums were...

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