Hurricane Milton: Global insurance industry bracing for colossal losses insurance As Hurricane Milton, a category three storm rips through the central west coast of Florida, the global insurance industry is bracing for losses of up to $100bn
UK insurers brace for major Hurricane Milton set to hit Florida insurance Shares in London-listed insurers dropped on Monday as the market braces for costs tied to Hurricane Milton, a major storm expected to hit Florida by Wednesday.
FTSE 100: London markets pare losses and US stocks surge after jobless figures Markets London markets dropped on Thursday morning, unwinding much of their gains made on Wednesday following a massive sell-off earlier in the week triggered by fears of a US recession.
Beazley: Shares hit all-time high after insurer doubles profit and improves guidance August 8, 2024 Shares in Beazley have hit an all-time high after the Lloyd's of London insurer more than doubled its profit in the first half of 2024 and improved its outlook for a key measure of full-year profitability.
Global tech outage: First real test for cyber insurance market July 24, 2024 The world suffered from a technical crash on Friday which left airlines grounded and affected business, but who will cough up for the interruption?
Lloyd’s of London insurers Beazley, Hiscox and Lancashire are takeover targets, analysts say July 9, 2024 Lloyd's of London insurers are expected to be the subject of takeover interest, analysts have said, following news that foreign rivals are circling London-listed Hiscox.
Microsoft: weak cyber defences set to hit economic growth June 5, 2024 Microsoft and many others have said that organisations need to "fight fire with fire" and use AI to bolster their defences.
Lack of major natural catastrophes puts Lloyd’s of London insurer Beazley on front foot April 29, 2024 For the full year, the company said it expected to report a combined ratio—a measure of insurance premiums taken as a percentage of losses paid out—in the low 80s on an undiscounted basis.
Beazley kicks off buyback after profit hits a record March 7, 2024 Insurance firm Beazley has kicked off a $325m share buyback today after notching record profits over the past year.
Beazley plans additional shareholder returns, pushing up share price 8.8 per cent February 22, 2024 In a stock exchange notice, the blue-chip insurer said its undiscounted combined ratio, a measure of profitability used by insurers, had surpassed its forecasts in 2023.