Beazley posts dip in post-tax profits
GWP rises for first six months of 2016.
Beazley has reported a 3% drop in post-tax profits for the start of 2016 to $128.8m [£97.1m].
Profit before income tax for the six months reduced by the same amount from $154.5m in 2015 to $150.2m this year.
However, gross written premium for the half year rose by 2% to $1.12bn (H1 2015: $1.1bn).
Brexit
The insurer reported that the Brexit vote "will undoubtedly complicate planning for many businesses based in the City of London".
The company stressed that it did not expect the impact of the
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk.
You are currently unable to print this content. Please contact info@insuranceage.co.uk to find out more.
You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@insuranceage.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@insuranceage.co.uk
More on Insurer
Ex-RSA boss Lee Mooney named Markel UK MD as Neil Galjaard steps down
Neil Galjaard, managing director of Markel UK, will step down with Lee Mooney taking up the job towards the end of June, subject to regulatory approval.
People Moves: 27 – 30 May 2025
Stay in the loop with the latest insurance personnel moves.
Rokstone launches international casualty division
Managing general agent Rokstone has launched an international casualty division, recruiting again from Convex to lead the new offering.
National brokers lead the way on climate guidance with regional firms lagging
Two-thirds of regional and provincial brokers do not provide any climate-related guidance to clients, according to research by Ecclesiastical, while the same amount (65%) of national brokers do so, Insurance Age can reveal.
Meet the MGA: Arkel
Chief underwriting officer Kris Lee outlines why data and people are key to Arkel’s success, none more than recent recruits Matthew Donaldson and Steve Lewis, and how its ‘dream team’ will take it to new heights in a ‘pivotal’ 2025 as it aims to become a multi-line, digitally led £100m MGA.
Oxbow predicts profitable motor market CORs for 2025 and 2026
Oxbow Partners has forecast a combined operating ratio for the UK motor market of 93% for 2025 and 96% for 2026, which would mark three consecutive years of profit for the sector.
Ageas’ Middle and Beckett on staying strong with broker growth ambitions amid deals
Ageas’ plans are “as strong as ever” when it comes to broker growth and the ongoing deals will not be a distraction, its bosses have promised the sector as they flagged home insurance expansion as a key priority.
Zurich appoints youngest ever regional head
Georgina Davis has been appointed head of regional market for the Midlands, South West and Wales at Zurich, succeeding Stephen Davis who is leaving for a new role at another business.