Beazley's 623 reports 21% 2009 return
Beazley's managing agency Beazley Furlonge said its Names syndicate 623 returned 21% on capacity for 2009, but that 2010 would be nil return and 2011 just 2.5% because of catastrophes.
It said: "The 2010 underwriting year is currently forecasting a nil return on capacity as a result of a number of natural catastrophe losses including earthquakes in Chile and New Zealand, as well as
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