Beazley improves COR as investment returns plummet
Beazley trimmed its combined operating ratio to 89% in the first half of the year (H1 2012: 91%), however the firm’s investment returns were hit by market losses in fixed income holdings.
The business chalked up an investment return of just $300 000 (£195 000) compared to $36.1m (£23.5m) in H1 2012, while annualised return on equity dropped to 12% from 18% in the same period ending 30
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