Beazley’s H1 combined ratio improves by 7 points to 87% despite investment losses
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Beazley’s H1 combined ratio improves by 7 points to 87% despite investment losses

Luke Harrison
22 July 2022
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DONT USE OLD DONT USE

Beazley’s first-half pre-tax profits have fallen by 87% to $22.3mn compared with a profit of $167.3mn for the first half of 2021, which the carrier said was partly due to $193mn in investment losses driven by an “unusual” trading environment.

The combined ratio improved by 7 points to 87% compared with 94% in H1 2021.

The carrier’s estimated losses from the Ukraine war remain unchanged at $50mn net of reinsurance, but this figure does not allow for potential claims for...

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