Beazley
Beazley boss still expects mid 90s COR despite major losses
Lloyd's insurer Beazley this morning said premiums reduced by 3% to $426m (2010 $438m) in the first three months of 2011, with premium rates on renewal business decreasing by 1%.
TfL confirms insurance panel
Transport for London has selected 27 insurance companies that will provide its cover in an agreement worth a combined £24m.
Beazley adds to terrorism team
Beazley has appointed Chris Parker to lead its terrorism and political violence team.
Regional Report - Dublin: Dublin up
Ireland has been bailed out by the International Monetary Fund, insolvencies and unemployment are up, insurers premium incomes down and rates show no sign of real hardening. But, when Stephanie Denton visited Dublin she found the market surprisingly…
Beazley revises MENA outlook to negative
Insurer Beazley has revised its outlook on the Middle East and North Africa to negative following the civil unrest in the region.
Event insurance - market update: the show must go on
With the shift to music downloads, artists are looking to tour more to make money, generating demand but also new risks for contingency underwriters. Sam Barrett looks at the buoyant events insurance arena and finds a growth market, despite softened…
Southern hemisphere catastrophe events hit Beazley syndicate
Beazley Syndicate 623, which writes business on behalf of Names at Lloyd’s, has reported a 13.4% return on capacity for the 2008 underwriting year (previously 10%).
Middle East policies may face court challenges
Commercial insurance policies that exclude political risk are likely to come under scrutiny by courts in the Middle East, following civil unrest in the region.
Insurer mergers & acquisitions: Is 2011 the time to strike?
After a lean period for insurer mergers and acquisitions through the economic downturn, Daniel Dunkley reports that the first rays of sunlight might begin to show in 2011.
Beazley targets M&A in the wake of Solvency II
Beazley expects to reap "significant benefits" from merger & acquisition opportunities presented by Solvency II, if the new rules prove difficult to implement for some insurers.
Beazley focuses on M&A as profit rises to $251m
Beazley has confirmed that acquiring businesses in its target markets remains a key priority despite its failed bid to acquire Lloyd’s competitor Hardy towards the end of last year.
Interview – Robert Hiscox: Opinions of the insurance industry
Robert Hiscox is never one to hold his tongue. When Daniel Dunkley met him to talk about current market conditions, he was as forthright as expected on the FSA, ABI, government policy and price-matching practices.
Beazley enters British Fencing deal
Lloyd’s insurer Beazley has entered into a five year partnership with British Fencing, the national governing body for the Olympic sport.
Data protection & breaches: Breaches of security
The Information Commissioner recently issued huge fines for data protection breaches. Edward Murray reports on additional costs that could well flow from new notification laws.
Interview - Karen Ellis: One's formula for success
With the management buyout of motor sport specialist Ellis Clowes & Company from THB, Karen Ellis has certainly made her mark. She talks to Amy Ellis about remaining in pole position in its niche.
2011 tipped to finally see an upturn in Lloyd's M&A action
Takeover speculation among Lloyd's insurers look set to continue throughout 2011, after Canopius kicked off the year with an approach for rival Omega.
Career development & CSR news: Lloyd's launches bursary to help Tower Hamlets students
Lloyd's is seeking to ease the financial burden for university students with the launch of a new bursary scheme to help students in Tower Hamlets afford to continue their higher education.
Lloyd’s & London market – review of the year: Troubled times
A succession of natural catastrophes got 2010 off to a bad start and the market continued to struggle - but the resolution of Brit’s future and the prospect of consolidation could see the year end on a high. Mairi Macdonald reports.
Hardy responds to Beazley withdrawal with share buy-back
Hardy has revealed that the share buy-back programme announced on 26 November 2010 will now commence under existing authority from shareholders and will be administered by Peel Hunt.
Beazley withdraws interest in Hardy
Beazley’s final proposal of 350 pence per share has been rejected by Hardy.
Beazley adds Tolle and Cox to its PLC board
Beazley has announced that Rolf Tolle has been appointed as a non-executive director and Adrian Cox as an executive director, both with immediate effect.
Amlin targets professional lines with key appointment
Amlin has appointed Lloyd Fielder as leading class underwriter within its new professional lines business.
Beazley snowed under with a surge of event cancellation enquiries
Beazley said that widespread snow, ice and sub-zero temperature across the UK and Northern Europe – earlier in the year and more severe than ever before – have put thousands of events – pop concerts, sporting and racing fixtures, trade shows and theatres…
Transactional risks - Solutions: Coming of age
Companies with reinvigorated balance sheets are displaying renewed appetite for mergers and acquisitions. John McNally and Tim Allen detail how evolving transactional risk insurance solutions mean the market can meet their needs.