BI’s Article search uses Boolean search capabilities. If you are not familiar with these principles, here are some quick tips.

To search specifically for more than one word, put the search term in quotation marks. For example, “workers compensation”. This will limit your search to that combination of words.

To search for a combination of terms, use quotations and the & symbol. For example, “hurricane” & “loss”.

Login Register Subscribe

Beazley profits up in first half of 2007


LONDON—London-based Beazley Group P.L.C. posted a record profit of £60.2 million ($122.0 million) for the first half of 2007, up from £28.3 million ($57.3 million) for the comparable period last year.

The company said its gross written premiums increased 10% to £434.1 million ($879.3 million).

The company's combined ratio for the first half of 2007 was 87%, compared with 90% for the same period last year.

Beazley did not give a figure for its losses from the recent flooding that hit parts of the United Kingdom, but said that it was expecting claims on both its U.K. homeowners and reinsurance books of business. Losses from the floods, and from Windstorm Kyrill—which struck northern Europe in January—are likely to be contained within attritional loss reserves, Beazley said.