Beazley's GWP up 3% to $2.02bn in 2014

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COR worsens to 89% last year compared with 84% in 2013.

Beazley's gross written premium for the year to the end of December 2014 was $2.02bn (£1.32bn) representing a three percent rise from $1.97bn for the previous 12 months.

However the insurer's financial results also showed a worsening combined ratio (COR) of 89% last year, up from 84% in 2013.

Beazley's profit before income tax was $261.9m in 2014, a fall of 16% from $313.3m a year earlier.

COR
Regarding the worsening COR, Neil Maidment, the firm's chief underwriting officer said the 89% and the

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