Shares in Goshawk Insurance Holdings came under early
pressure after the insurer issued a profits warning.
The insurer announced earlier that its full-year profits would be below market expectations due to problems faced by its Lloyd's Syndicate 102.
Syndicate 102 has been hit by the failure of the Accident Group and by deterioration in its Cargo account.
Goshawk said it has also suffered as a result of "weaknesses" in some areas of the Syndicate's underwriting team.
The company said it would review its future strategy, "in order to maximise shareholder value".
Goshawk shares were 19 pence down in early trading at 86 pence by 7.45 am.
