Hardy gets tough on property treaty with 19.1% rate rises
Hardy Underwriting has reported that gross written premiums for its syndicate have decreased by 21.5% year on year, primarily as a result of discontinuing certain underperforming lines of business and a reduction in catastrophe risk appetite.
The biggest reduction was in property treaty, where the business shrunk its book by 38.6% to £76m, and non-marine property, where it dropped 7.7% to £39.4m. The renewal rate changes on these
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