Beazley
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Cat losses were within budgets despite high levels of minor events. -
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.
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Panellists at the Dive In Festival explored the link between innovation and inclusion and why it's important to them as leaders in their respective fields.
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The attack came from a hacking group known as Scattered Spider, an affiliate of the ALPHV/BlackCat ransomware gang.
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The carrier increased gross written premiums by 13% to $2.92bn, while the combined ratio deteriorated by 13 points from a prior-year figure of 71%.
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London’s major carriers have projected bullish messages on a prolonged hard market for property, while acknowledging other classes are in very different cycles.
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Sally Lake has spent 18 years at the carrier, including the last five as CFO.
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