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Heavy exposures as a result of the Thai floods have contributed to quoted Lloyd's insurer Hardy's decision to put itself up for sale, as it joins the growing list of fall-out victims from this year's extraordinary Asian catastrophes.

In a statement Hardy said with regard to Thai losses that while "It remains too early to provide accurate loss estimates for claims arising from these extraordinary events" it nonetheless has "exposure to certain surplus treaties, the losses for which are rumoured...

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