Hardy falls 12 percent on 2010 profits warning
Lloyd's and international (re)insurer Hardy saw its share
price plummet almost 12 percent in afternoon trading today (17
May), as it surprised investors with the scale of its losses in the
first quarter.
In a Q1 interim management statement, Hardy maintained its previous
estimated net loss range of $20-30mn for the Chilean quake but also
disclosed an unusually high A$17mn hit from the hailstorms that
struck Perth and Melbourne in March.
The firm explained that it has a larger international...
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