Company rebounded in 2021 after 2020 loss due in part to claims for COVID-related event cancellations.
“Beazley…had a combined ratio – a key measure of an insurer’s profitability – of 93% compared to 109% a year earlier. A level below 100% indicates an underwriting profit…its annual gross written premiums jumped 30% to $4.62 billion, with rates within the cyber and executive risk division surging 49%.”