Beazley
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In a wide-ranging interview with this publication, the CEO also outlined how he would “reestablish the investment thesis” for the firm after missteps in 2020. -
The Week in 90 Seconds: Cyber hardening; Lloyd’s modernisation; Ardonagh re-fi; business travel pollPlus the latest on pandemic BI payments and all the top news from the week.
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QBE, Argenta and Blenheim syndicates also plan significant growth to capitalise on market conditions.
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The specialty insurer has brought in the underwriter following the departure of Kristen Dauphinais at the end of May.
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Despite a somewhat mixed outlook, UK listed carriers London players say they are still leaning into growth.
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The carrier said on business written since the autumn, cyber claims frequency was 20% lower by policy count.
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The London-listed carrier reported growth and positive rate movement in all seven of its business segments.
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Analysts believe 2021 will be a “transition year” for Hiscox, Beazley and Lancashire.
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Markel, Beazley, Hiscox, Chaucer, Brit and Liberty Specialty Markets are all participants in the product development.
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Beazley has undergone a shake-up in its management following the departure of Andrew Horton.
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Former Western Union CFO to be based in the US, one of Beazley’s ‘largest markets’.
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The analyst says Hiscox must convince investors of a retail bounce-back, while Lancashire’s attritional loss ratio is key to better trading.
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