Low losses and releases from reserves will boost profits at Lloyd's insurer Hardy, the company said.
Its Syndicate 382 is now expected to make between 8.5% and 13.5% of its capacity for 2001, up from a previous forecast of 6.5% -11.5%.
The increased profitability will come from releases made from reserves for 2000 and prior years.
For 2002, the forecast is for a profit of between 15% and 20% of capacity.
Hardy Underwriting Group owns 74% of capacity on the 2001 underwriting year and about 80% on 2002.
The syndicate's capacity is £50.3m in each 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.
