The destruction of aircraft at Tripoli airport and the downing of the MH17 aircraft has contributed to a 16% fall in profits for Lloyd's of London insurer Beazley Plc as its claims-to-premiums ratio rose. The underwriter's net written premiums rose about 3 percent to $1.73 billion in the year ended Dec. 31, but said its combined ratio rose to 89 percent from 84 percent last year.
Insurer Beazleys' profit hit by airline attacks
The destruction of aircraft at Tripoli airport and the downing of the MH17 aircraft has contributed to a 16% fall in profits for Lloyd's of London insurer Beazley Plc as its claims-to-premiums ratio rose. The underwriter's net written premiums rose about 3 percent to $1.73 billion in the year ended Dec. 31, but said its combined ratio rose to 89 percent from 84 percent last year.