Hardy CEO admits 2010 profits will be "diminished" after Q1 losses

Barbara Merry Hardy Underwriting

Hardy Underwriting said it expects to increase gross written premium volume for the 2010 financial year to more than £300m (2009: £242m).

In an interim management statement it added: "Since renewal rate increases are broadly flat, the increase will principally be generated from access to additional business streams, being new platforms

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