Hardy Underwriting Bermuda director Paul Bailie has bought shares following last week's withdrawal of Beazley from bid talks for the insurance underwriter.

Beazley had indicated that it was willing to offer 350p a share for Hardy but the two could not agree on a price. Hardy is thought to have wanted around 400p a share.

Bailie bought 30,000 shares at 275p a share at a total cost of £82,500. His total holding is 41,479 shares.

Bailie is managing director of the Bermudan operations of Hardy. The whole group was redomiciled from the UK to Bermuda in 2008 but it also has Lloyds of London operations.

Hardy has also bought back 100,000 shares at 275p each.

Top Director Buys

Hardy Underwriting Bermuda Ltd. (DI) (HDU)
Director name: Mr Paul Bailie
Amount purchased: 30,000 @ 275.00p
Value: £82,500

Banco Santander SA (BNC)
Director name: Mr Francisco Luzon Lopez
Amount purchased: 6,330 @ 670.68p
Value: £42,455

Western & Oriental (WEST)
Director name: Mr Rajinder (Raj) Kumar
Amount purchased: 2,000,000 @ 1.50p
Value: £30,000

MirLand Development Corp. (MLD)
Director name: Mr Steven Holm
Amount purchased: 9,555 @ 273.00p
Value: £26,085

MirLand Development Corp. (MLD)
Director name: Mr Steven Holm
Amount purchased: 5,800 @ 257.00p
Value: £14,906


Top Director Sells

Wolfson Microelectronics (WLF)
Director name: Mr David Milne
Amount sold: 250,000 @ 290.00p
Value: £725,000

Northern Venture Trust (NVT)
Director name: Mr Edward Michael P Denny
Amount sold: 92,881 @ 78.30p
Value: £72,726

Northern Venture Trust (NVT)
Director name: Mr John Randolph Hustler
Amount sold: 58,793 @ 78.30p
Value: £46,035

Northern Venture Trust (NVT)
Director name: Mr Ross S Peters
Amount sold: 14,442 @ 78.30p
Value: £11,308

Northern Venture Trust (NVT)
Director name: Mr Hugh Younger
Amount sold: 13,484 @ 78.30p
Value: £10,558

Related share prices
Hardy Underwriting Bermuda Ltd. (DI) (HDU) share price
Northern Venture Trust (NVT) share price
Wolfson Microelectronics (WLF) share price
Banco Santander SA (BNC) share price
Western & Oriental (WEST) share price
MirLand Development Corp. (MLD) share price