Beazley has reported insurance coverage written premiums jumped 10% to $6.16bn (£4.84bn) for the 12 months ended 31 December 2024.
Revenue earlier than tax additionally rose by 13% in contrast with the earlier 12 months to a report $1.42bn. This adopted Beazley’s earlier outcomes for 2023, the place pre-tax revenue leapt 115% to $1.25bn.
Nonetheless, the undiscounted mixed ratio worsened barely, from 74% to 79% in 2024.
The insurer added 348 staff within the 12 months, taking complete common quantity to 2,492.
Difficult claims surroundings
Adrian Cox, CEO, mentioned: “Our report revenue of $1.4bn, together with a 79% undiscounted mixed ratio and powerful premium
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