Beazley back in for Hardy
Beazley has reafirmed its interest in acquiring Hardy.
In a brief note, the Lloyd’s insurer said that the statement of interest did not “represent a firm intention to make an offer" and added there was no certainty that one would be made.
Hardy knocked back a bid by Beazley 12 months ago but it appears that on the back of some significant catastrophe losses, Beazley sees another opportunity to finally get the deal done.
A note from Espirito Santo Investment Bank said that it expected Hardy would now have to engage in discussions regarding a sale
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