Insurer Beazleys’ profit hit by airline attacks

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By admin February 5, 2015 21:33

Insurer Beazleys’ profit hit by airline attacks

The destruction of aircraft at Tripoli airport and the downing of the MH17 aircraft has contributed to a 16% fall in profits for Lloyd’s of London insurer Beazley Plc as its claims-to-premiums ratio rose. The underwriter’s net written premiums rose about 3 percent to $1.73 billion in the year ended Dec. 31, but said its combined ratio rose to 89 percent from 84 percent last year.

admin
By admin February 5, 2015 21:33