Reinsurers looking for Lloyd's leadership on Brexit: HartiganBeazley’s head of reinsurance Patrick Hartigan has called on the Corporation to provide more clarity to reinsurers over Brexit.
Markel takes Beazley’s Lam in SingaporeMarkel has hired Beazley’s underwriting manager Gordon Lam in Singapore.
Lloyd’s crackdown proves an opportunity for Beazley: HortonLloyd’s focus on under-performing lines of business and serial loss-making syndicates yields an opportunity for Beazley, the London-listed carrier’s CEO Andrew Horton has said.
Beazley shares fall as profits hit by reserve chargeLloyd’s insurer Beazley has seen profits sink by 64 percent in the first half of the year as a reserve charge in its property division took a toll on the group’s bottom line.
London carriers grab chance for Q1 growth but specialty rates struggleLondon’s remaining listed carriers posted solid top line growth in the first quarter as the impact of last autumn’s catastrophes fed through to pricing, but clouds remain over the outlook for the remainder of the year as capacity remains abundant.
Beazley top line jumps 10% as rates rise amid market ‘recalibration’London market carrier Beazley said it grew gross written premiums (GWP) by around 10 percent in the first quarter to $631mn as the Andrew Horton-led firm noted substantial rate increases across the majority of its underwriting lines.
Beazley looks to grow Asia Pacific operations with regional new headBeazley has appointed Lucien Mounier to head its Asia Pacific operations based out of Singapore.
Beazley CUO Maidment to step down at end of 2018Long-serving Beazley chief underwriting officer (CUO) Neil Maidment is set to retire at the end of the year after nearly three decades with the company.
Beazley mulls entering UK ILS marketLondon (re)insurer Beazley Group has confirmed it is exploring an entry into the nascent UK ILS market.
UPDATE: Beazley closes up 6% after full year resultsShares in Beazley were trading hands for £5.61 a piece, up 5.5 percent, when the London Stock Exchange closed today, after the Lloyd’s (re)insurer released its fourth quarter results.
Beazley bolsters European specialty teamBeazley has bolstered its specialty lines team with a series of appointments as it looks to grow across Europe.
Q4 losses - two steps forward, one step backIn the past week, the gap between disclosed and anticipated industry losses has had a ‘two steps forward and one step back’ feel to it as more carriers published revised fourth quarter loss numbers.
Bermudian (re)insurance shares leap following AIG-Validus dealShares in Bermudian (re)insurers have surged in early trading today as investors seek exposure to a further round of consolidation on the island following AIG’s announcement of its mammoth $5.56bn acquisition of Validus.
Beazley shares climb as it predicts expectation-beating resultsBeazley looks set to report a relatively-sterling set of results for the full year 2017 after the London market carrier this morning announced it will post a 99 per cent combined ratio for the period and pre-tax profits “ahead of current market expectations.”
Beazley shares up on positive analyst reportBeazley shares were up around 2.5 percent today (10 November) following a positive analysts report from JP Morgan Cazenove.
Beazley: Up to $300mn in H2 cat lossesLloyd’s (re)insurer Beazley says it now expects between $200mn-$300mn in net natural disaster claims in the second half of the year in a 9 November trading statement.
Beazley’s Dublin platform writes first policiesLloyd’s carrier Beazley plc this week begun writing policies through its Dublin-based insurer, Beazley Insurance dac (Beazley Insurance), which was authorised by the Central Bank of Ireland in July.