By Elliot Gulliver-Needham Insurer Beazley has said shareholders will reap the rewards of a strong 2023 as it aims to put $300m (£236.7m) into their pockets. In a stock exchange notice, the blue-chip insurer said its undiscounted combined ratio, a measure of profitability used by insurers, had surpassed its forecasts in 2023. Therefore, it has updated its guidance on the ratio to be in the low 80s, rather than mid-70s as previously projected, which the firm credited to “better than expected claims experience during the year”. A ratio of below 100 per cent indicates underwriting profitability w…