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Russia-Ukraine conflict sees Beazley predict £41m plunge

By 2022-05-06T16:30:00

RussiaUkraine chess pieces, strategy

The insurer’s chief executive, however, ‘remains confident’ in its combined ratio guidance for 2022

London market insurer Beazley has predicted a class loss of $50m (£41m) net reinsurance on the current scope of the Russia-Ukraine conflict, according to its trading update for the first quarter of 2022, published today (6 May 2022).

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