Insurer Beazley's profit jumps as rate rises offer relief
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(Reuters) - Beazley's 2019 profit was boosted by higher insurance rates after a long period of erosion, sending the underwriter's shares 6% higher to the top of UK's midcap index.Beazley, part of the oldest insurance market in the world, was able to raise its premium rates last year after a string of industry-wide catastrophe claims led to hefty bills in 2018. "Natural catastrophes took a smaller toll on our business than in 2018," Chief Executive Officer Andrew Horton said.The share price had..