Beazley GWP hits $3.3bn
The insurer stated premium rates on renewal business increased by 23% in Q3 2021.
Beazley has reported an increase in premium from $2.5bn to $3.3bn (£2.46bn) for the third quarter of 2023.
The provider described market conditions as “favourable” and also reported that premium rates on renewal business went up by 23%.
Analysts at Jeffries commented: “Premium growth of +29% for the first nine months, driven by +23% rate increases, demonstrates that Beazley has been able to grow volume into the hardening market.”
The analysts also predicted a full year combined operating
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