Beazley
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Zurich’s interest in a specialty carrier that moves the dial on cyber is no surprise. -
The CEO said Beazley would retain its brand and management and gain $9bn of premium.
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The bank observed that multiples in the last M&A cycle ranged from 1.6x to 2.5x.
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The company said prior bids from Zurich “significantly undervalued” the business.
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The deal would create a $15bn specialty insurer and mark Zurich's entry into Lloyd’s
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The executive’s departure comes amid a wave of cyber reshuffling in the industry.
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The newly created role will have responsibility for algorithmic and digital distribution channels.
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The London carrier has explored how businesses are navigating an era of accelerating risk.
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Beazley, Hiscox and Lancashire executives spoke 12k words on average in 2025 earnings calls.
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The argument for buyers to purchase cyber has never been stronger, yet growth is still lagging.
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Several Lloyd’s syndicates are also now providing cover for the federal insurer.
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Plus, the latest people moves and all the top news of the week.
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The carrier is looking to latch onto emerging economic trends where it can add expertise.
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Most segments have grown premiums so far this year, but only three have observed increased rates.
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The business is pursuing growth in Bermuda in captives, cyber ILS and alternative risks.
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In mid-morning training, the share price had fallen by 12%.
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The venture will launch in early 2026 and include captives, ART, cyber ILS and specialty (re)insurance elements.
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The carrier plans to invest $500mn in capital to establish a presence in Bermuda.
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Beazley is one of the key leaders in the London marine marketplace.
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Stephan Simon left BMS in June 2024 after almost three years in the role.
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The carrier plans to reduce 623’s stamp by around 10% next year.
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Plus, the latest people moves and all the top news of the week.
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Top line grew across all carriers even as pre-tax profits dipped.
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The London carrier missed consensus on gross and net premiums for H1.
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The carrier booked top-line growth of 2% in H1.
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Rates were down 3.9% across its portfolio in the first half of 2025.
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The Beazley CUO said geopolitics would determine cyber market pricing.
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The executive’s career includes a stint as head of cat for CorSo.
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Beazley, Hiscox and Lancashire all grew in Q1 despite widespread rate decreases.
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Plus, the latest people moves and all the top news of the week.
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CEO Adrian Cox said the market could turn on “unexpected events”.
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Cyber and property experienced the largest price reductions.
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It is understood that Marsh brokered the tower, which is exposed to claims from a 2024 breach.
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Ki cut its top line by 8.7%, while Beazley’s smart-tracker expanded to $481mn.
