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%
Tag: cyber catastrophe insurance
Beazley and RenaissanceRe Collaborate on Cyber Catastrophe Cover Solution Backed by Capital Markets
Specialist insurer Beazley and global reinsurer RenaissanceRe have jointly launched a new reinsurance product providing Beazley with additional catastrophe cover for cyber events. The majority of the security behind the deal will be provided by capital sources structured by RenaissanceRe. This placing of cyber catastrophe risk into the capital markets opens up a new, larger… Continue reading Beazley and RenaissanceRe Collaborate on Cyber Catastrophe Cover Solution Backed by Capital Markets