Company
Beazley PLC
LON:BEZ
Beazley Group is the holding company of Beazley Group, an insurance and reinsurance business operating through Lloyd’s syndicates 2623 and 623 in the United Kingdom and Beazley Insurance Company, Inc., a United States-admitted carrier. Beazley is organized in four business segments: specialty lines, property, reinsurance and marine. Specialty lines mainly underwrites professional lines, employment practices liability, specialty liability, political risk, directors’ and officers’ liability, healthcare, stand-alone terrorism and contingency.
67 stories
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Beazley tipped for significant growth after Russia rebound
Results are due on Friday from the Lloyd's of London insurer
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Beazley takes US$120mln hit from Hurricane Ian but reports strong growth
Gross written premiums rose 22% in the nine months to 30 September but year-to-date investment returns were down 3.6%
Builders and building materials
Beazley updates and UK GDP figures released: Friday Preview
GDP in the UK is expected to decrease and London based Insurer Beazley release third quarter results
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Beazley flies into space as its combined ratio rockets
Meanwhile, in the six months to June end, it reported an investment loss of US$193mln
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FTSE 100 finishes higher Friday as share rally holds firm
Britain's blue-chip index finished 5.86 points higher, or 0.08%, at 7,276.37
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Retail sales and Beazley the main focus on Friday
How badly have consumer confidence and retail sales been affected by the gloomy headlines
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Insurer Beazley reports 'small' losses from Ukraine invasion, rising cyber rates
The insurer said it has so far seen "a small number of claims with respect to the conflict"
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Beazley upgraded on cybersecurity potential
“Beazley is clearly ahead of peers in the fastest-growing, increasingly complex and non-commoditised product line"
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Beazley surges as losses are not as bad as feared
"Events, dear boy" - insuring them has been a profitable line of business for Beazley for many years but not in 2020, for obvious reasons
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US January jobs data the big draw on an otherwise quiet Friday
The US Labor Department's monthly jobs report for January is expected to show a modest hiring gain of perhaps 100,000, with the unemployment rate forecast to remain at 6.7% for a third straight month
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Beazley enjoys rising premiums across divisions
"Pricing conditions are positive and we have the expertise and the capital in place to take advantage of these market conditions," said boss Andrew Horton
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Beazley doubles coronavirus claims forecast as events remain under pressure
The insurer made the first estimate in April assuming that activities would begin to resume in September
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Beazley raises £247mln via a share placing ahead of coronavirus claims
The Lloyds of London insurer expects to receive US$170mln in claims related to the pandemic
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Beazley eyes US$170mln of insurance claims from coronavirus pandemic
The Lloyds of London insurer said some US$840m of gross premiums were written in the three months to March 31
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Jefferies cuts Beazley to ‘hold’ from ‘buy’, saying it is time to take profits
The US bank also trimmed its target price for the FTSE 250-listed stock to 611p from 616p
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FTSE 100 closes higher as coronavirus fears ease
As global markets were higher again, Footsie closed out the afternoon session up around 22 points at 7,504
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Beazley warns of worse profit ratio amid high claims activity
The initial estimate of the costs of typhoons Faxai and Hagibis and hurricane Dorian is roughly US$80mln
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Beazley says margins in many business lines are at their healthiest levels in years
"With cumulative rate rises of 8% across our business in the past two years and double-digit rate rises in many lines of business, we see an opportunity for prudent profitable growth," said Andrew Horton, Beazley's CEO
Investments and investor services
FTSE 100 closes in the red as markets sink on growing trade war fears
In Europe, the German DAX tanked 206 points, while the French CAC 40 is down around 104
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BT Group will be in City spotlight on busiest day of the short week
Thursday's preview includes BT Group, Superdry, Morrisons, Barratt Developments, and RSA Insurance.
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BT to take centre stage as it reports full year numbers with dividend in focus
The week ahead includes updates from BT Group, Superdry, Morrisons, ITV, IAG, Barratt Developments, Direct Line, RSA Insurance and Imperial Brands
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Beazley profits halve in 2018 but insurer guides to stronger returns this year
Beazley said it has started 2019 with some “moderate tailwinds” including firmer pricing for some businesses and higher interest rates, which should improve investment returns
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Beazley sees California wildfires claims coming in at US$40mln
The FTSE 250-listed insurer said investment markets continue to be volatile and that its year to date investment return to 30 November 2018 is 0.5%
Hardware & electrical equipment
Ensurance expands UK portfolio with launch of specialist cyber insurance offering
The offering extends Ensurance’s niche product range with the cover available to any policyholder that handles customer data.
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Beazley weak as half-year profit drops by 64% reflecting plunge in investment income
The FTSE 250-listed insurer saw its pre-tax profit fall to US$57.5mln, down from US$158.7mln a year earlier, with its net investment income dropping to US$8.0mln from US$79.4mln
FTSE 100 closes in the red amid heightened trade worries
The UK index of leading shares closed around five points lower at 7,678
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Beazley shares edge up on positive first quarter but Numis downgrades on valuation grounds
In the first part of 2018, Beazley saw gross written premiums increase by 10% to US$631mln compared to the same period last year
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City broker upgrades Beazley on insurer’s bullish outlook for 2018
As expected, last autumn’s hurricanes and storms in the US and Caribbean knocked 43% off the insurer’s profits, but Beazley is bullish about its prospects for the year ahead
Investments and investor services
FTSE 100 closes firmly lower as strong pound weighs
The FTSE 100 index – which is chock full of dollar earners – closed around 108 points lower at 7,170
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Smith & Nephew, Bellway and Compass to provide Thursday’s City highlights
Smith & Nephew, Bellway Plc and Compass are on the Thursday's agenda.
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Bank of England rate decision eyed, plus numbers from blue chips BP and Glaxo in coming week
After November's hike, another UK rate rise is unlikely this month, although some Bank of England MPC members may vote for a rise after a unanimous vote in December
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Beazley expects 2017 profit to be ahead of current market expectations despite spate of natural disasters
In a brief post-close season trading update, the Lloyd's of London insurer said it anticipates that the group will report a combined ratio of 99% for the year ended 31 December 2017
FTSE 100 firmly in red as EU cuts growth forecasts for UK
After a bullish run over the past few months, European and US markets endured a rare off day on Thursday
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AstraZeneca's results: focus will be on the pipeline and recovery options for the MYSTIC trial
Will Astra get into the MYSTIC? The company said not all hope was lost for its lung cancer trial, which flunked in the summer
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M&S and Sainsbury's take centre stage as BoE interest rate hike excitement dies down
The week ahead includes earnings from M&S, Sainsbury's, ABF, Direct Line, Wetherspoon and AstraZeneca while macro-economic announcements will be thin on the ground
FTSE 100 closes firmly in positive territory as sterling slides
The FTSE 100 rose to within a couple of points of 7,500 after US markets opened higher
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Unilever results to illustrate strategy review boosts; investors looking for Vodafone improvements
Week Ahead: Unilever PLC, Vodafone PLC, easyJet PLC, Sports Direct PLC, Royal Mail Group PLC ...
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First Worldpay, now Lloyd's of London insurer Novae falls to an opportunistic bid as weak pound entices Americans
AXIS Capital is shelling out 700p a share in cash for Novae Group PLC – a 29% premium to the average price over the last month.
NetDimensions climbs as Learning Tech makes its move
Some of the biggest rises and falls in London at 4pm
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FTSE stocks powered higher by financials, non-farm payrolls
FTSE 100 stocks closed higher on Friday, offered a leg up by surprisingly strong US non-farm payrolls number and financial stocks confident burdensome US regulation was about to get scaled back
PREVIEW: Big four sales fall bodes ill for Morrisons
Aldi, Lidl and the Co-op continue to take market share away from the Big Four
Risers & Fallers: Coats Group, Earthport, Ferrum Crescent, SolGold, Solid State, Tlou Energy
Some good news on the dividends front from RSA and Lloyds, while reinsurer Beazley is moving management back to the UK.
Investments and investor services
Risers & Fallers including Mosman Oil, Vodafone, Ladbrokes, Snacktime, Gaming Realm and more
Mosman Oil's shares rocketed as it said it is the preferred buyer of a company that would be a "transformational" acquisition.