Beazley swings back to $369.2mn profit as it emerges from Covid-19

10 February 2022

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In its 2021 full-year report, Beazley swung back to a $369.2mn profit, compared with losses of $50.4mn the year previous, with the carrier attributing the result largely to “receded” claims costs of Covid-19, which have now almost entirely been paid in full.

Combined ratio: The London carrier’s combined ratio improved by 16 points to 93% as the company bounced back from heavy losses inflicted as a result of Covid-19 earlier in the year, with the improved performance primarily driven by a...

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Beazley swings back to $369.2mn profit as it emerges from Covid-19

In its 2021 full-year report, Beazley swung back to a $369.2mn profit, compared with losses of $50.4mn the year previous, with the carrier attributing the result largely to “receded” claims costs of Covid-19, which have now almost entirely been paid in full.

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Beazley swings back to $369.2mn profit as it emerges from Covid-19

In its 2021 full-year report, Beazley swung back to a $369.2mn profit, compared with losses of $50.4mn the year previous, with the carrier attributing the result largely to “receded” claims costs of Covid-19, which have now almost entirely been paid in full.

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Uncover exclusive insights tailored for insurance leaders

Topics

Vessel Protect boosts war risk capacity by 40% to $250mn

Gallagher Re makes Butterworth global transformation director

Marsh adds $25mn capacity to Echo cyber facility

UK non-life insurance outlook revised to 'stable' from 'negative': AM Best

Argenta names Goddard new non-executive director

Insured losses could reach $850mn for UAE floods: Guy Carpenter

Bermuda transitions to maturity – but challenges persist