Reduced reserve releases impact Beazley profits
Beazley recorded an 18% reduction in profit after tax from $264m (£173.7m) in 2013 to $217.8m for the year ended 31 December 2014.
The drop in profits was partly driven by a five percentage point annual deterioration in the specialist insurer's combined operating ratio, which was calculated at 89% for 2014.
The worsening COR
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