Beazley has revealed a pre-tax lack of $50.4m (£36.8m) for the total 12 months 2020, in comparison with a revenue earlier than tax of $267.7m within the previous 12 months.
The supplier additionally reported a worsened mixed working ratio of 109% for the 12 months, in comparison with 100% in 2019. It detailed that this was pushed by Covid-19 associated claims.
The enterprise additional posted an underwriting lack of £239.3m (2019: revenue of $4m)
Nonetheless, gross written premiums elevated by 19% to $3.6bn in 2020, up from £3.0bn in 2019, whereas
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