Insurer Beazley's 2019 profit surges, but says some markets underpriced
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(Reuters) - Beazley Plc on Thursday reported a leap in 2019 profit, but cautioned that some markets including property reinsurance remain underpriced, and the insurer added that it will continue to walk away from business that do not meet its pricing needs.Beazley, which provides casualty and property, cyber and political risk insurance, had come across opportunities to raise its premium rates last year after a string of industry-wide catastrophe claims led to hefty bills in 2018. "Natural..