Beazley
Hardy outlines share buy-back programme and third party capital deal
Hardy today announces that it has entered into an agreement for the provision of third party capital to syndicate 382 for the 2011 year of account.
Hardy still open to Beazley negotiations
Hardy's chief executive has said the insurer would be willing to discuss an improved offer from Beazley, despite the latter's threat to withdraw its renewed offer of 330p per share in cash after it was rejected.
Reinsurance aids Beazley's "modest" GWP growth
Beazley has reported that its gross written premium increased by two per cent to $1.35 bn (£840.7 m) in the first nine months of 2010 compared to the same period in 2009 (2009: $1.33 bn).
Beazley appoints Ken Sroka to its board
Former head of product development at Zurich Financial Services, Ken Sroka has been appointed to the board of Beazley with effect from 12 November.
Hardy rejects Beazley's second bid
Hardy has rejected a renewed offer for all of its shares from Beazley.
Beazley extends data breach cover
Beazley has doubled the number of people eligible for notification and credit monitoring protection under its data breach insurance policy, Beazley Breach Response.
Equinox reveals plans to go global
Start-up trade credit managing general agent Equinox Global has outlined plans to move into Europe, Asia and the US, following its official launch this week.
Former Atradius staff launch trade credit MGA
Lloyd’s, Aspen and Liberty Mutual have joined the panel of a new managing general agent to enter the trade credit insurance market.
Underwriting Service Awards 2010 - full shortlist
The final shortlist for the inaugral Underwriting Service Awards 2010 have now been released - with the eventual winners due to be revealed at a special awards dinner in London on 17 November.
Post Intelligence Benchmarking - Commercial Insurers: Waving - or drowning?
Insurance 360's groundbreaking survey of commercial insurers' performance reveals which ones have got their acts together and which ones need to raise their game. Peter Joy reports.
Hardy boss accuses Beazley of undervaluing firm with offer
Hardy chief executive Barbara Merry has blamed a tough insurance cycle for the insurer trading below book value but said that is no reason for its shareholders to jump to accept Beazley's offer.
Editor's comment: Lloyd's soap rumbles on
As the clock ticked down to the Friday (15 October) deadline to complete a deal for Brit, the Dutch-domiciled insurer confirmed an extension has been granted to bidders Apollo and CVC Capital Partners.
Hardy: "opportunistic" Beazley offer undervalues business
Hardy has hit responded to Beazley's offer by commenting that the proposal "substantially undervalues the company".
Beazley still keen on Hardy despite "surprise" at £158.4m bid rejection
Beazley has confirmed that it has made a 300p per share case approach to Hardy Underwriting Bermuda valuing the latter at £158.4m that has been rejected by Hardy.
Beazley still keen on Hardy despite "surprise" at £158.4m bid rejection
Beazley has confirmed that it has made a 300p per share case approach to Hardy Underwriting Bermuda valuing the latter at £158.4m that has been rejected by Hardy.
Beazley mourns the death of deputy chairman and co-founder
The board of Beazley has announced the death yesterday evening of its deputy chairman, Andrew Beazley, at the age of 57. Mr Beazley was co-founder of the company and its chief executive for twenty two of its twenty four year history.
Beazley adds to political risks team
Beazley has appointed Lila Rymer to its political risks team.
Energy rates rise
Worldwide energy insurance rates will continue to harden in 2010 because of the Deepwater Horizon oil disaster Beazley has claimed.
Lloyd's & London market: Bargain hunt
It looks like investors searching for a piece of the action in Lloyd's can pick up a bargain right now, as depressed share prices shine a light on profitable businesses trading at a discount to their net asset value. Ralph Savage investigates whether a…
Beazley gives warningover energy rate spike
Worldwide energy insurance rates will continue to harden in 2010 due to the Deepwater Horizon oil disaster, with a further spike possible at the reinsurance renewal season, Beazley has claimed.
Beazley sees rates go backwards on renewals as it hits $115.5m profit
Lloyd's insurer Beazley achieved a profit before tax of $115.5m (2009: $30.1m). It added the profit before income tax and earnings per share includes an exceptional foreign exchange gain of $33.7m.
Beazley expands contingency team
Beazley’s contingency team has recruited two new staff members in order to expand its service offering in the UK and Australia.
Former Lloyd's director Tolle joins Beazley
Rolf Tolle is to join the board of Beazley Furlonge, the Lloyd’s managing agency that forms part of Beazley, the company announced today. The appointment is subject to regulatory approval.
World Cup insurance breakdown
The football World Cup will be insured to the tune of an estimated £6.2bn when it kicks off in South Africa on Friday, according to Lloyd's.