Beazley GWP jumps by 22% as it estimates $120mn Ian loss

11 November 2022

Beazley has reported an initial $120mn Hurricane Ian loss estimate, net of reinsurance, and gross written premium (GWP) of nearly $4bn over the year to date, and is still on track to maintain a “high 80s” combined ratio for 2022.

GWP: Beazley’s GWP increased 22% year on year to reach $3,980mn for the first nine months of 2022.

The carrier saw its GWP increase across all business lines, with cyber risks seeing the largest increase, bringing in $838mn for the...

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