Beazley reveals $24m half year loss
Beazley has announced a $24m half-yearly loss due to its $154m catastrophe losses earlier this year taking its combined ratio to 108%. It has hired Axa’s Dennis Holt to replace Jonathan Agnew as chairman.
Financial highlights (1020 half year in brackets
Gross premiums written ($m) 924.8 (940.6)
Net premiums written ($m) 635.5 (624.7)
Profit/loss before tax ($m) -24.2 (115.5)
Combined ratio 108% (90%)
Andr
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