Hardy Underwriting Bermuda Ltd: Singapore Office
Hardy Underwriting Bermuda Limited, the specialist insurer and reinsurer, has expanded into Singapore. The establishment of Hardy Underwriting Asia Pte Ltd (“Hardy Asia”) within the Lloyd’s Asia platform recognises the growing significance of the Asia Pacific economies, and the development of Hardy Asia is a key part of the group’s strategy, which is focused around experienced local underwriters as well as building on existing relationships in the region.
Underwriting will commence in December 2010 with the planned arrival of Richard Lim. Initially, Hardy Asia will concentrate on writing and leading treaty business from the Asia Pacific region (excluding Japan) on both a proportional and non-proportional basis along with associated reinsurance protections for key clients. Building on this core account, Hardy Asia will look to develop all of the Hardy group’s traditional classes where there is local demand and where we are able to add genuine value to both brokers and clients. Representatives from Hardy Asia will be attending the East Asian Insurance Congress in Bali from 18th-21st October.
Barbara Merry, Chief Executive of the Hardy Group, said: “The opening of our new Singapore office embodies our stated philosophy of thinking global whilst acting local. We are certain that this development will be of increasing significance in the coming years.”
