CNA Hardy has become the latest Lloyd’s carrier to scale back its marine business as it pulls out of the hull market,  Re-Insurance  can reveal.

It is understood that several jobs are at risk as a result of the carrier’s decision to leave parts of the marine market.

The hull team includes Tim Howard-Smith, a senior underwriter, who works alongside marine hull underwriter Deepa Nathvani.

The syndicate underwrites a marine portfolio of cargo, hull, liability, transport and logistics as well as cargo and specie.

In its 2017 Lloyd’s report and accounts, Syndicate 382 made a loss of £34.2mn and posted a combined ratio of 116.3 percent.

It booked £319.6mn in gross written premium and reported claims net of reinsurance of £206mn.

While the carrier does not break out the size of its marine book - its marine, aviation and transport segment made a loss of £10.4mn in 2017. The year before it lost £7.7mn.

News of CNA Hardy’s departure from the hull market follows Markel International’s exit from marine equipment business yesterday.

So far this year, Re-Insurance has revealed that that Acappella, AmTrust, Advent, Argo and Barbican have all scaled back their operations in the space or exited marine classes altogether.

While not fully leaving marine, both MS Amlin and Tokio Marine Kiln have parted ways with key members of their marine underwriting teams.

A CNA Hardy spokesperson confirmed it was exiting the hull market.