Beazley returns to the black but investors still unimpressed

Non-life insurer Beazley soared into the black in the first half of 2012, delivering a return on equity of 18 per cent and a combined ratio of 91 per cent.

Non-life insurer Beazley soared into the black in the first half of 2012, delivering a return on equity of 18 per cent and a combined ratio of 91 per cent.

During the six months the firm generated a profit of $112.9m, compared to a loss of $24.2m the previous year, while gross written premiums rose to $1,013.1m (2011: $924.8m) and net premiums written rose to $650.8m from $635.5m.

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