Hardy Underwriting Group has revealed plans to increase the capacity of its Lloyd's Syndicate 382, by £15m to £115m for 2004.
The aviation specialist said the increase was needed to reflect "continued favourable underwriting conditions" and the opportunities arising from the recruitment of additional underwriters.
The increase is subject to confirmation from the Lloyd's franchise board.
Hardy Underwriting Group chief executive Barbara Merry said: "We remain confident of the continuing positive outlook for the underwriting market in 2003 and beyond.
"We have accordingly strengthened our underwriting team, which has enabled us to increase capacity for the 2004 year of account.
"The increase in the group's own underwriting to approximately £92.5m will further our stated intention to create a more substantial business for investors in Hardy Underwriting".
