Hardy Underwriting Group said full year pretax profit in 2005 will not be less than £7m, exceeding the consensus market expectation...

Hardy Underwriting Group has said full year pretax profit in 2005 will not be less than £7m, exceeding the consensus market expectation.

In a trading update, the company said this is due to a release of reserves for financial institutions business and improvements in most other lines, together with an enhanced investment return.

The company will release its full year results on 22 March.

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