Beazley tipped for significant growth after Russia rebound
Results are due on Friday from the Lloyd's of London insurer
Company
Beazley PLC
LON:BEZ
Beazley Group is the holding company of Beazley Group, an insurance and reinsurance business operating through Lloyd’s syndicates 2623 and 623 in the United Kingdom and Beazley Insurance Company, Inc., a United States-admitted carrier. Beazley is organized in four business segments: specialty lines, property, reinsurance and marine. Specialty lines mainly underwrites professional lines, employment practices liability, specialty liability, political risk, directors’ and officers’ liability, healthcare, stand-alone terrorism and contingency.
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Beazley takes US$120mln hit from Hurricane Ian but reports strong growth
Gross written premiums rose 22% in the nine months to 30 September but year-to-date investment returns were down 3.6%
Builders and building materials
Beazley updates and UK GDP figures released: Friday Preview
GDP in the UK is expected to decrease and London based Insurer Beazley release third quarter results
Beazley flies into space as its combined ratio rockets
Meanwhile, in the six months to June end, it reported an investment loss of US$193mln
FTSE 100 finishes higher Friday as share rally holds firm
Britain's blue-chip index finished 5.86 points higher, or 0.08%, at 7,276.37
Retail sales and Beazley the main focus on Friday
How badly have consumer confidence and retail sales been affected by the gloomy headlines
Insurer Beazley reports 'small' losses from Ukraine invasion, rising cyber rates
The insurer said it has so far seen "a small number of claims with respect to the conflict"
Beazley upgraded on cybersecurity potential
“Beazley is clearly ahead of peers in the fastest-growing, increasingly complex and non-commoditised product line"
Beazley surges as losses are not as bad as feared
"Events, dear boy" - insuring them has been a profitable line of business for Beazley for many years but not in 2020, for obvious reasons
Archive
US January jobs data the big draw on an otherwise quiet Friday
The US Labor Department's monthly jobs report for January is expected to show a modest hiring gain of perhaps 100,000, with the unemployment rate forecast to remain at 6.7% for a third straight month
Beazley enjoys rising premiums across divisions
"Pricing conditions are positive and we have the expertise and the capital in place to take advantage of these market conditions," said boss Andrew Horton
Beazley doubles coronavirus claims forecast as events remain under pressure
The insurer made the first estimate in April assuming that activities would begin to resume in September
Beazley raises £247mln via a share placing ahead of coronavirus claims
The Lloyds of London insurer expects to receive US$170mln in claims related to the pandemic
Beazley eyes US$170mln of insurance claims from coronavirus pandemic
The Lloyds of London insurer said some US$840m of gross premiums were written in the three months to March 31
Jefferies cuts Beazley to ‘hold’ from ‘buy’, saying it is time to take profits
The US bank also trimmed its target price for the FTSE 250-listed stock to 611p from 616p
Archive
FTSE 100 closes higher as coronavirus fears ease
As global markets were higher again, Footsie closed out the afternoon session up around 22 points at 7,504
Beazley warns of worse profit ratio amid high claims activity
The initial estimate of the costs of typhoons Faxai and Hagibis and hurricane Dorian is roughly US$80mln
Beazley says margins in many business lines are at their healthiest levels in years
"With cumulative rate rises of 8% across our business in the past two years and double-digit rate rises in many lines of business, we see an opportunity for prudent profitable growth," said Andrew Horton, Beazley's CEO
Investments and investor services
FTSE 100 closes in the red as markets sink on growing trade war fears
In Europe, the German DAX tanked 206 points, while the French CAC 40 is down around 104