Rates force Beazley to shrink reinsurance unit in first nine months


Beazley enjoyed strong growth overall in the first nine months of 2017 but its reinsurance division shrank as the company reduced it because of continued rate decreases – a trend it expects to reverse on cat business, at least, because of the recent heavy losses in North America.

Beazley, Third quarter 2017 results, Reinsurance, Insurance, Andrew Horton, London, North America

Intelligent Insurer