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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Plus, the latest people moves and all the top news of the week.
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Top line grew across all carriers even as pre-tax profits dipped.
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The London carrier missed consensus on gross and net premiums for H1.
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The carrier booked top-line growth of 2% in H1.
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Rates were down 3.9% across its portfolio in the first half of 2025.
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The Beazley CUO said geopolitics would determine cyber market pricing.
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The executive’s career includes a stint as head of cat for CorSo.
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Beazley, Hiscox and Lancashire all grew in Q1 despite widespread rate decreases.
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Plus, the latest people moves and all the top news of the week.
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CEO Adrian Cox said the market could turn on “unexpected events”.
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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.
