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BRIEF-Insurer Beazley expects catastrophe hit to earnings of $175 mln

BRIEF-Insurer Beazley expects catastrophe hit to earnings of $175 mln
From Reuters - November 8, 2017

Nov 9 (Reuters) - Beazley Plc

* Trading statement for 9 months ended 30 sept 17

* gross premiums written increased by 6% to $1,762m (2016: $1,666m)

* premium rates on renewal business decreased by 1%

* year to date investment return of 2.4%

* catastrophe events will naturally affect our full year results but our diverse underwriting portfolio continues to serve us well

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