All News articles – Page 301
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Hardy makes H1 loss, appoints new COO
Lloyd’s insurer Hardy has made a loss after tax of £17.1m for the first half of 2011, compared with a profit of £2m in the same period last year.The loss before tax was higher, at £20.7m, because a £3.7m tax credit reduced the net loss.Hardy’s results were hit by the ...
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Montpelier takes on Torus cat book
Montpelier Re has agreed to acquire the renewal rights of fellow Bermudian (re)insurer Torus's property catasrophe reinsurance business. As part of the deal, Torus will provide sidecar capacity to Montpelier from 1 January 2012. "With the continued expansion opportunities we see in our insurance operations, along with our modest ambitions ...