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Beazley reports 87% COR as it prepares for London HQ move

andrew horton beazley

Lloyd's insurer Beazley saw its profits and gross written premiums increase for the year ended 31 December 2015 while its combined operating ratio improved to 87% (2014: 89%).

Profit before tax for the 12-month period increased from $261.9m (£178.7m) in 2014 to $284m last year and gross written premiums grew 3% to $2.08bn (2014: $2.02bn).

In 2015, Beazley recorded prior

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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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