Beazley GWP jumps 29% YTD as cat losses reach $125mn

05 November 2021

Beazley has reported that claims during the third quarter included Hurricane Ida and European floods, with early estimated losses pegged at $85mn and $40mn, respectively, which totals $125mn of its net reinsurance.

GWP: Beazley’s gross written premium (GWP) increased 29% year on year to reach $3.3bn for the nine-month period.

Beazley noted that GWP was higher than expected and that, although it has had rate increases across all its divisions, its main...

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