Beazley
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The carrier confirmed a combined-ratio guidance in the “low 80s” for the year.
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Staff turnover has been elevated in the energy market this year.
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The short-term disruption of relisting may be justified by the long-term benefits.
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Christine LaSala will step back from her board membership at the end of this month.
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The partnership will add more capacity on the platform from April.
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For the 2022 year of account, the updated forecast remains unchanged.
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Hiscox, Beazley and Lancashire all delivered one-off capital returns while swerving casualty issues.
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The carrier reported $1.2bn profit and 71% CoR for 2023.
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Beazley was one of the first four cyber cat bond sponsors.
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Beazley also confirmed the appointment of CFO Barbara Plucnar Jensen.
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Slipstream will be available to marine, cargo and logistics UK clients.
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Beazley is expected to announce its year-end results on 7 March.
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The MGA previously hired Sara Valentine from Brit to launch in energy.
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Koscondy will set the global production and distribution strategy of all of Beazley’s cyber business sub-$250mn.
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Aidan Flynn said that although different markets are expected to move at different speeds, the underlying trend is clear.
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Growth opportunities at Lloyd’s no longer limited to top underwriting performers, Insurance Insider’s survey shows.
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Cat losses were within budgets despite high levels of minor events.
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CEO Adrian Cox said the market has continued to soften more than Beazley initially anticipated.
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The carrier attributed growth in the division to "exceptional" conditions in the property market throughout the year.
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Brenna Westinghouse joined Beazley in 2017 after 14 years at Marsh.
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The rating reflects “the entity’s role and strategic importance to Beazley as an excess and surplus writer in the United States”, AM Best said.
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The proposals, published in July, would have placed additional reporting burdens on large UK firms.
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The carrier is looking to grow its direct underwriting capabilities, focussing on the offshore wind market.