Beazley combined ratio hit following heavy catastrophe losses
Beazley CEO Andrew Horton admits that the firm’s annual combined ratio target of “around the mid 90s” could be jeopardised by global catastrophes during the second half of the year.
The company this morning revealed its financial results for the past six months, in which time its combined ratio has grown to 108% - compared to 90% the previous year.
Mr Horton claims that the large
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