Beazley
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Several Lloyd’s syndicates are also now providing cover for the federal insurer. -
Plus, the latest people moves and all the top news of the week.
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The carrier is looking to latch onto emerging economic trends where it can add expertise.
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Most segments have grown premiums so far this year, but only three have observed increased rates.
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The business is pursuing growth in Bermuda in captives, cyber ILS and alternative risks.
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In mid-morning training, the share price had fallen by 12%.
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The venture will launch in early 2026 and include captives, ART, cyber ILS and specialty (re)insurance elements.
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The carrier plans to invest $500mn in capital to establish a presence in Bermuda.
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Beazley is one of the key leaders in the London marine marketplace.
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Stephan Simon left BMS in June 2024 after almost three years in the role.
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The carrier plans to reduce 623’s stamp by around 10% next year.
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