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Reinsurance aids Beazley's "modest" GWP growth

Andrew Horton

Beazley has reported that its gross written premium increased by two per cent to $1.35 bn (£840.7 m) in the first nine months of 2010 compared to the same period in 2009 (2009: $1.33 bn).

In an interim management statement, Andrew Horton, chief executive officer, said: “Profit-focused underwriting underpinned a continuing strong performance at Beazley in the third quarter.

"We remain

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Hidden risks in insurers’ culture and misconduct data

Insurers are under growing regulatory pressure to treat non-financial misconduct as a core conduct risk, according to Loka Venkatramana from Pathlight Associates, who says they should use cultural and behavioural data with the same rigour as financial metrics to identify and address problems before they damage customers, staff or the market.

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