Profit up at Beazley in the first half of 2017

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Combined operating ratio remains flat at 90 percent.

Beazley has posted a six percent rise in pre-tax profit to $158.7m (£122.1m) for the six months ended 30 June 2017.

This is compared to the $150.2m pre-tax profit achieved in the same time period in 2016.

In addition, gross written premium (GWP) rose by two percent to $1.15bn in the first half of 2017 (H1 2016: $1.12bn).

The insurer also revealed an increase in net premiums written to $936.4m, compared to $930.4m in the first six months of 2016.

Meanwhile its combined operating ratio for the

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