Lloyd's insurer Beazley points to underwriting loss after steep claims
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(Reuters) - Beazley said on Friday its main measure of insurance profitability was now pointing losses for 2019 as it set aside $80 million to cover hurricane and other claims at the end of an expensive quarter for listed Lloyd's insurers.Beazley said it expects its full-year combined ratio - normally the main gauge of profitability for insurers - to be between 100% and 102%. Readings over 100% indicate claims exceeded premiums earned.It added, however, that year-to-date returns on investment..