Hardy's catastrophe losses still 'uncertain'
Specialist Bermuda-based Lloyd’s insurer Hardy Underwriting has said catastrophe losses added 30 points to its combined ratio and warned revisions of estimates could paint an even worse picture.
It's combined ratio hit 119% (2010: 102%) giving the firm a pre-tax loss of £20.7m (2010: loss of £2.7m). But it warned of "an element of uncertainty" over the value of its catastrophe losses.
It said
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