Beazley profits jump as COR worsens to 100% in 2019

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Beazley chief executive officer Andrew Horton has stated that Beazley is committed to regional brokers in the UK, after the provider pulled out of UK regional marine earlier this month.

“We have a Birmingham office and we’re putting more underwriters into it,” Horton stated.

“UK marine is frustrating for us because we’ve had that team since 2004. But we just couldn’t get it to be efficient enough and we couldn’t get the cost low enough to make a profit on it.”

Chief underwriting officer

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