Beazley GWP is up 45%

Beazley gross written premium (GWP) has increased by 45% to £861.9m in the first nine months of 2009, compared to the same period the previous year.

In a statement, Beazley said it is “on track to achieve a 90% combined ratio”. It added. “Underwriting conditions have been favourable with rate increases averaging 4% across the portfolio.

“Written premiums have grown by 45% over the equivalent period in 2008. Rate increases have been most significant in catastrophe exposed lines. Competition

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