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The business’s total stamp for both syndicates has hit £1bn for 2025. -
Their new guide sets out the factors (re)insurers should consider when defining a major cyber event.
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Rates are continuing to soften in D&O and cyber, according to CFO Paul Cooper.
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The carrier’s retail division saw the largest growth at 4.7%.
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The CEO said the property market was in a “super-good place”, and increased competition was inevitable.
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CEO Adrian Cox said Beazley’s recent $290mn ILW purchase was not driven by “capital flexibility in and of itself”.
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The carrier said activity across smaller and mid-sized natural catastrophe and risk events had been “elevated”.
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Rob Lusardi and Michael Dawson are to step down after eight years as directors.
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The A&H market had improved performance between 2020 and 2023.
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The carrier said an active hurricane season and a global cyber event had not altered its full-year guidance.
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The carrier increased insurance revenue by 16.8% to $1.3bn year on year.
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The business is being marketed off around £15mn Ebitda, sources said.
