Beazley CEO hails ‘standout year’ for property underwriting
Beazley CEO Adrian Cox has labelled property risks as one of the insurer’s “biggest long-term opportunities”, saying that underwriting conditions increasingly favour the specialty market.
Cox, pictured, made the comments as Beazley announced record profits of $1.25bn (£983.9m) before tax for 2023 – up 115% on 2022 – and a combined ratio of 74% compared with 82% a year prior.
Gross
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