Beazley
Aviation rate rises ‘more muted’ than initially hoped, says Beazley boss
Intense competition in the aviation market - particularly in the area of war risks - has prevented the industry securing the rate rises necessary following a spate of costly plane losses, according to Beazley’s chief underwriting officer Neil Maidment.
Reduced reserve releases impact Beazley profits
Beazley recorded an 18% reduction in profit after tax from $264m (£173.7m) in 2013 to $217.8m for the year ended 31 December 2014.
Post's Christmas Q&A
As the festive season gets well and truly underway, Post caught up with some of the insurance industry's key players to talk New Year's resolutions, champagne and history books...
Review of the Year: Lloyd's
Post’s annual review of Lloyd’s and the London market gathered reflections from players including Besso, Markel, Lloyd’s, Hiscox, EY and Beazley to reflect on 2014 and the challenges and expectations that lie ahead for next year
Beazley premiums remain flat, despite 1% rate reductions
Specialist insurer Beazley has maintained premium levels after the first nine months of the year, despite noting continued pressure of rates.
Entry opportunities available as reinsurance market continues to soften
A softening reinsurance market is expected to continue to impact the reinsurance and Lloyd’s subsectors in 2015, according to a note published by Berenberg, which states that previous underperformance presents opportunities.
International insurers’ London presence to diminish amid increased competition
Analysts expect other firms to follow in Beazley’s footsteps by looking elsewhere
Results season round-up: six monthly interims for 2015
Insurers and brokers report their six monthly interim results for 2015.
Beazley CEO Horton braced for MH17 war claims
Beazley chief executive Andrew Horton has admitted the speciality insurer could face exposure following last week’s Malaysia Airlines flight MH17 disaster.
London market presence set to contract as Beazley targets US
Beazley is expecting continued growth in the US alongside a London market reduction after its US operation aided a 61% increase in group-wide profit before tax of $132.9m (£77.8m) in the opening six months of the year.
Beazley looks to Amlin for double hire
Beazley has expanded its UK homeowners insurance team with the appointment of two underwriters.
World Cup cancellation insured to the tune of £744m
The sum insured for cancelling the 2014 FIFA World Cup in Brazil has been estimated at $1.25bn (£744m) by specialist insurer Beazley.
Beazley's posts $2m fall in GWP for Q1
Beazley posted gross written premium of $516m (£304m) for the first quarter of 2014, down from $518m in the first three months of 2013.
Beazley claims manager Folliard joins Markel
Markel International has appointed Beazley’s Gabrielle Folliard as claims manager for its professional and financial risks division.
Beazley's Lam moving from Hong Kong to Singapore
Beazley's senior specialty lines underwriter Gordon Lam will be moving to the insurer's Singapore office.
Beazley Syndicate 623 reports $18.6m total gains increase
Beazley Syndicate 623 reported an $18.6m (£11.1m) increase in its total gains for 2013, rising to $61.4m from $42.8m in 2012.
Beazley issues positive 2012 forecast on Lloyd's syndicates
Beazley has issued a promising forecast on what it expects its return on equity to be for two of its Lloyd’s syndicates in the 2012 underwriting year.
Biba members to access Beazley event scheme
Members of the British Insurance Broker’s Association will be given access to a bespoke event insurance scheme provided by Lloyd’s insurer Beazley as part of a new deal.
Beazley highlights lack of personal accident cover at Winter Olympics
Up to half of the 6000 athletes currently competing at the Winter Olympics in Sochi could be doing so without adequate personal accident insurance, according to Beazley.
Beazley recruits Ark’s Gray as specialty underwriter
Beazley has named Ark Syndicate’s James Gray as a new specialty underwriter.
Beazley targeting 2% investment yield for 2014
Specialist London insurer Beazley is hoping to return to 2012's investment yield next year after recovering from plummeting returns in the first half of 2013.
Beazley tipped to cope with 'challenging' 2014 as share price heads skywards
The stock market is expected to continue to respond favourably to Beazley’s “impressive” 2013 results, according to Westhouse Securities analyst Joanna Parsons.
Beazley records its lowest COR since 2002 listing
Beazley shaved seven percentage points off its 2012 combined operating ratio of 91% in chalking up the lowest COR since the insurance firm became a public company 12 years ago.