Beazley cautious on property business as it works to 'get arms around' climate change
Beazley has said that it will not seek to increase exposure in its property book in the immediate term, as it takes measures to enhance its ability to assess and price for the effects of climate change.
While the insurer has grown its property gross written premiums by 62% since 2017, when the figures are adjusted to take into rate increases they show exposure has reduced over the five-year period.
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