Beazley profits halve as it feels nat cat impact
Beazley saw profits fall 55% last year owing to the continuing effect of natural catastrophe claims on underwriting margins.
The company posted a profit before tax of $76.4m (£59.2m), down from 2017’s figure of $168m in 2017 – itself a 43% drop on 2016.
Its combined ratio improved slightly to 98%, compared to 99% last year
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