23 February 2018

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Specialty profits up 70% at Beazley as property and reinsurance hit by cats

8 February 2018

Beazley reported a 69.8 percent increase in profits in its largest segment, specialty lines, for the full year 2017, to $227.4mn, but suffered major reverses in its reinsurance and property lines due to natural catastrophe losses.

The carrier's property division made an operating loss of $68.3mn in 2017, compared with a profit of $51.5mn in the previous year.

The reinsurance segment remained in profit, but the full-year result fell a massive 93.8 percent to $3.8mn, compared with 2016.

And the...

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