Hardy reported a "spectacular" first half investment gain of £3.1m as its own stock-picking skills put its portfolio managers' performance to shame.
The lion's share of the gain came from the increasing value of fellow Lloyd's insurer Atrium, in which Hardy built up a 24% stake last year at 75p a share. Atrium stock now trades for 167p a share.
The rest of Hardy's investment portfolio made a return of £1.2m compared to £192,000 in the same period last year.
The group recently took on a team of three ex-Trenwick underwriters to boost its financial institutions book, expected to account for about £18m of income next year.
Hardy is also expanding its UK direct property book, expected to be about £8m to £10m next year.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
