Beazley Smart Tracker moves into profit as demand oversubscribed
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Beazley Smart Tracker moves into profit as demand oversubscribed

Liz Bury
10 February 2022
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DONT USE OLD DONT USE

Beazley’s Smart Tracker business is “significantly oversubscribed by third-party capital,” the firm said, as gross written premium grew by 49% to $198.2mn in its fourth year of operation.

The follow-form underwriting platform produced a combined ratio of 98% in 2021, compared to 106% in 2020.

It operates through special purpose Lloyd’s syndicate 5623 writing business from broker facilities and is designed to be a low-cost tracker style vehicle.

“Syndicate...

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