Hardy silent on Beazley as premiums grow 26%
Lloyd's (re)insurer Hardy Underwriting has lifted gross written premiums by 26 percent year-on-year to £256mn for the first nine months of 2010.
The Bermuda-domiciled firm in its interim management statement said that it had kept up its "rigorous focus on underwriting profitability" and had been able to price risks at good technical prices despite a marginal reduction in renewal rates over the year.
Renewal rates dropped by an average of 2.8 percent, led by a 5 percent decline in property...
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