Beazley CEO says ‘it’s getting more difficult to grow’
Beazley has reported record pre-tax profits of $1.42bn (£1.12bn) for 2024, but is forecasting a slowdown in growth this year as market conditions turn.
The 2024 result was achieved off the back of a 79% combined ratio, and the insurer grew its top line by 10% from $5.6bn to $6.16bn.
Its insurance service result was down slightly on the previous year
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