Hardy chairman blames 'challenging years' for £50m losses
Hardy Underwriting Bermuda chairman David Mann has bemoaned the past two "challenging years" for a loss before tax of £42.1m against the previous year's £10m profit.
The specialist insurer and reinsurer has today posted end of year results for 2011 which show a drop in gross written premium from £279.4m in 2010 to £268.4m over the following 12 months.
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