Beazley, a specialist insurer, reported a 22% increase in gross written premiums compared to the first nine months of 2021.
Tag: Beazley profits
Beazley Swings to Annual Profit on Robust Demand for Cyber Insurance
Beazley Plc, a British insurer, resumed its dividend on Thursday after turning a profit for the year, aided by rising demand and double-digit growth in the cyber insurance space. Beazley, which provides casualty and property insurance, as well as cyber and political risk insurance, had a combined ratio of 93 percent, down from 109 percent… Continue reading Beazley Swings to Annual Profit on Robust Demand for Cyber Insurance
Beazley Premiums Up in Q1 Amid Favorable Market Conditions
Beazley PLC on Thursday reported a positive start to 2021 and said it expects the momentum to continue. The London-based insurer said gross premiums written increased by 16% to $971 million in the three months to the end of March compared to $840 million a year earlier. Premium rates on renewal business also increased by… Continue reading Beazley Premiums Up in Q1 Amid Favorable Market Conditions
Beazley Profits Jump Off Investments, Rates Rise 6%
Specialist insurer Beazley has posted a pre-tax profit for 2019 of $267.7 million, up from $76.4 million in 2018, and reported a 6% rate increase. Beazley’s pre-tax profit jump was bolstered by a strong investment return of $263.7 million, up from $41.1 million in 2018. The firm’s combined ratio of 100% – up from 98%… Continue reading Beazley Profits Jump Off Investments, Rates Rise 6%
Beazley Profits Almost Triple on Higher Insurance Premiums
Beazley has seen profits almost triple in the first half of the year after it was boosted by higher premiums. Shares in the Lloyd’s of London insurer lifted higher in early trading as it recovered from a turbulent period of high payouts caused by natural disasters. The firm said that a change in sentiment has… Continue reading Beazley Profits Almost Triple on Higher Insurance Premiums