Beazley News – Page 2
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NewsWhy Beazley lit up London’s skyline with QR code made up of drones
Chief marketing officer reveals more than 1,000 people scanned the code
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NewsBeazley posts GWP of £3.4bn for first nine months of 2022
The specialist insurer’s cyber line also saw GWP growth of 66%
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NewsFirms see uptick in fraudulent instruction cyber losses – Beazley
Organisations that fail in good asset management will ‘inherently expose themselves’ to higher liability cyber breaches, says head of client experience
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NewsBeazley receives ‘in principle’ approval to establish Lloyd’s Syndicate 5623
The insurer’s Smart Tracker will transition into a ‘full market-facing syndicate’ at the beginning of next year
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NewsInflation is surmountable with proper provision – Beazley
The specialist insurer has ensured it has sufficient amounts of reserve capital in place, to help it weather economic storms such as inflation
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NewsBeazley posts 2022 half-year COR of 87%
The insurer is actively managing ’inflation and recession’, says chief executive
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NewsBeazley warns of ‘increasingly complex’ cyber risks
It is essential that organisations understand cyber threats and resulting vulnerabilities, says global head of cyber services
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NewsSpecialist insurer Beazley predicts business risks to increase for Summer 2022
Business leaders are facing the ‘stiffest test in a generation’, says chief executive
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NewsBeazley updates underwriting divisions in support of ‘bold’ growth ambitions
The four underwriting divisions will be headed up by specialists, supporting the insurer to ’seize opportunities’
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NewsBeazley partners with Lloyd’s Lab alumni on IVF insurance proposition
Beazley believes the product is ’unique’ and will ’change the status quo’
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NewsBeazley targets cyber book growth in 2022 following increased customer demand
Chief executive also celebrates insurer’s ‘largest profits in history’ following Covid-dented 2020
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NewsBeazley improves combined operating ratio by 16% in 2021 following pandemic recovery
Rate improvements in the cyber market and lower natural catastrophe losses have contributed to the business’ profit
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NewsBeazley reports GWP improvement of 29% for 2021’s Q3
Chief executive believes the insurer is in a ‘great position to capitalise’ on the ‘the opportunity in the cyber market’
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NewsBeazley receives in principle approval to establish ESG-centric syndicate
The syndicate will offer additional capacity to businesses performing well against ESG metrics
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NewsBeazley promotes new group head of strategy
The candidate will help to drive the insurer’s ’future strategy and direction’
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NewsUK executives most concerned about technology disruption risks in 2021 – Beazley
Beazley’s global head of cyber and technology says collaboration and communication between the broker, insurer and customer is more important than ever
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NewsBeazley launches affirmative cyber cover for luxury yachts
With an £18m aggregate policy limit, the insurance product aims to combat cyber threats to superyachts using ‘preventative mitigation services, traditional asset indemnity and immediate response services to incidents’
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NewsBeazley bolsters GWP by 22% in first half of 2021
Chief exec is ‘excited about the growth opportunities ahead’ as profit before tax improves from 2020’s loss position
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NewsAlmost half of executives think insurers don’t understand their business – Beazley
Only 54% of Beazley’s survey respondents believe that insurance is meeting their businesses’ challenges very well
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NewsBeazley’s GWP doubles to 16%
Significant underwriting actions have also been in place since September 2020 due to surging claims driven by ransomware
