Full Year Results 

Beazley profits halve on disaster costs

Beazley profits halve on disaster costs

Lloyd’s of London underwriter Beazley (BEZ) saw gross written premiums grow by 12 per cent in the year to December 2018, but headline profits were lower after prior year releases fell from $203.9m (£157m) to $115m. Net investment income was also down from $138.3m to $41.1m. After heavy claims experienced in 2017, last year was little better, with hurricanes and typhoons costing $105m followed by $40m associated with wildfires in California.

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