Financial has announced the 2017 year of account result and the latest 2018 forecast for its 318 syndicate as follows: 2017 Year of Account
Read morehas announced the 2017 year of account result and the latest 2018 forecast for its 2988 syndicates as follows: 2017 Year of Account
Read morehas announced the 2017 year of account result and the latest 2018 forecasts for its 1969 and 6133 syndicates as follows: 2017 Year of Account
Read morehas announced the 2017 year of account result and the latest 2018 forecast for its managed syndicate 727, as follows:- 2017 Year of Account Results as
Read moreTokio Marine Kiln (“Kiln”) has announced today the 2017 year of account results and the latest forecasts for 2018 for its syndicates 510, 557 and 308, as follows:-
Read moreTwo separate recent industry experts' reports make for very encouraging reading as they both confirm that...
Read morePlc announces results for 2019 year end – Hampden Comment We have been looking “under the bonnet” of Beazley’s 2019 year-end results and have the following
Read moreAgency Partners (“MAP”) has announced the 2017 year of account results and the latest forecasts for 2018 for its syndicates 2791 and 6103, as follows:-
Read moreBeazley Plc has reported its 2019 year-end results today to the London Stock Market. The key numbers are: · Profit before tax of $267.7m (2018: $76.4m) · Return on equity of 15% (2018: 5%) · Gross premiums written increased by 15% to $3,003.9m (2018: $2,615.3m) · Combined ratio of 100% (2018: 98%) · Rate increase on renewal portfolio of 6% (2018: 3%) · Prior year reserve releases of $9.5m (2018: $115.0m) · Net investment income of $263.7m (2018: $41.1m) Commenting on the results, Andrew Horton CEO of Beazley said: “Beazley achieved a profit before tax of $267.7m in 2019, driven by a very strong investment return of $263.7m. Overall gross premiums written increased by 15% to $3,003.9m, with three of our six divisions achieving double digit growth.” “An adverse claims experience across several lines of business, leading to reduced prior year reserve releases, meant that our combined ratio rose to 100% for 2019. Despite this, we are optimistic that the remedial action that we have been taking across several lines of business in recent years, alongside the expected continued premium rate increase, will favour us as we move into 2020." Encouragingly, Beazley witnessed rate increases on renewal portfolios of 6%, double the previous year. Prior year reserve releases however reduced to $9.5m for the year, down from the 2018 figure of $115m. As soon as we have the syndicate 2017 Account results and updated forecasts we will publish these. The full report can be accessed here
Read more