Hardy Underwriting establishes Asia platform

Hardy Underwriting has opened a new office in Singapore as the insurance and reinsurance underwriter looks to develop its presence in Asia.

With local markets looking to retain increasing amounts of insurance and reinsurance risk, Hardy has opted to develop its Asian presence with the opening of the new office. Hardy indicated that the move formed part of the “group’s strategy, which is focused around experienced local underwriters as well as building on existing relationships in the region”.

Hardy is set to begin underwriting business in December, initially concentrating on writing and leading treaty business in the Asia Pacific region with the intention of developing Hardy’s traditional classes in the future, in response to local demand.

Hardy’s long-term ambition is to offer property treaty, direct and facultative property, excess risk, construction and engineering, terrorism, financial institutions, accident and health, and marine and aviation lines to the Asian market.