Hardy rebuffs capital concerns after bruising H1 results
Lloyd's insurer Hardy reported a £17.1mn half-year loss today on a hefty catastrophe loss toll.
However, the firm brushed off analyst concerns about its capital resources and reiterated its expansion plans for 2012 as it sets up a new energy division that will be led by new recruit and ex Beazley underwriter Paul Dawson.
The insurer said it had no firm numbers on how much capital would be needed to support its underwriting in 2012 as business plans were still...
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