Beazley
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CEO Adrian Cox said the market could turn on “unexpected events”. -
Cyber and property experienced the largest price reductions.
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It is understood that Marsh brokered the tower, which is exposed to claims from a 2024 breach.
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Ki cut its top line by 8.7%, while Beazley’s smart-tracker expanded to $481mn.
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The transactional liability-focused MGA's Lloyd’s line is up from £37.5mn to £40mn.
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Hiscox, Beazley and Lancashire all reported top line growth, but ROEs dipped in an active wind season.
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Plus, the latest people moves and all the top news of the week.
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He said that “everyone’s looking for growth”, as the firm has moderated its top line projections.
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Predicting underwriting conditions for the remainder of the year is ‘challenging’.
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The London carrier posted an undiscounted combined ratio of 79%, up from 74% in 2023.
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Lloyd’s CEO pay is lowest compared to major LSE-traded specialty insurers by a considerable margin.
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Sara Foucher has held roles at RSA, Swiss Re and XL Catlin.
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