Less Ads, More Data, More Tools Register for FREE
Sponsored Content
Sponsored Content

Pin to quick picksBeazley Share News (BEZ)

Share Price Information for Beazley (BEZ)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 806.50
Bid: 806.50
Ask: 807.50
Change: 0.50 (0.06%)
Spread: 1.00 (0.124%)
Open: 802.00
High: 810.50
Low: 802.00
Prev. Close: 806.00

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Beazley expects up to $175m hit from Helene and Milton hurricanes

Wed, 06th Nov 2024 07:37

(Sharecast News) - Insurance group Beazley has reiterated its profitability guidance for the full year after a solid third quarter, as it estimated a hit of up to $175m from Hurricanes Helene and Milton.

Despite a "volatile claims environment", the company reported insurance written premiums of $4.63bn by the end of September, up from $4.33bn on the same date last year.

Investments and cash were up 15% at $11.43bn, while premium rates on renewal business were flat as expected, compared with 5% growth last year.

Meanwhile, "favourable" financial market conditions drove an investment portfolio return of $513m of 4.7% over the year to date, as the company benefitted from increased exposures to equities and high yield credit.

Beazley offered its initial calculation of net exposure to Hurricanes Helene and Milton, estimating that the combined impact would be somewhere between $125m and $175m.

"Taking this range into account, as well as claims experience across the group year-to-date, we maintain our undiscounted combined operating ratio guidance of around 80% for 2024. This is based on average catastrophe experience for the remainder of the year," Beazley said.

More News
4 Dec 2024 09:38

LONDON BROKER RATINGS: Deutsche Bank starts Applied Nutrition at 'buy'

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and on Tuesday:

Read more
26 Nov 2024 09:33

LONDON BROKER RATINGS: Berenberg cuts Dowlais; Deutsche Bank ups Evoke

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning and on Monday:

Read more
18 Nov 2024 09:36

LONDON BROKER RATINGS: HSBC says 'buy' recruiters SThree and Hays

(Alliance News) - The following London-listed shares received analyst recommendations on Monday morning and Friday:

Read more
11 Nov 2024 09:30

LONDON BROKER RATINGS: Deutsche Bank says 'buy' Trustpilot

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and on Friday:

Read more
6 Nov 2024 09:40

TOP NEWS: Beazley backs its interim guidance following premium growth

(Alliance News) - Beazley PLC on Wednesday revealed it is on track to meet its guidance for 2024 following strong growth in its written premiums.

Read more
6 Nov 2024 08:54

LONDON MARKET OPEN: Stocks rise as Donald Trump declares victory

(Alliance News) - Stock prices in London opened higher on Wednesday morning, with the dollar surging as investors bet on Trump's increasingly likely US election win, and as composite PMI releases from France and Germany are coming in.

Read more
6 Nov 2024 07:49

LONDON BRIEFING: Beazley to deliver on guidance; M&S profit jumps

(Alliance News) - The FTSE 100 was called 1.1% higher early Wednesday as Donald Trump moves closer to a victory in the US presidential election, winning key swing state Pennsylvania.

Read more
30 Oct 2024 15:08

UK earnings, trading statements calendar - next 7 days

Thursday 31 October 
Coca-Cola HBC AGTrading Statement
Grit Real Estate Income Group LtdFull Year Results
Haleon PLCTrading Statement
PPHE Hotel Group LtdTrading Statement
Seeing Machines LtdFull Year Results
Shell PLCQ3 Results
Smith & Nephew PLCTrading Statement
Spectris PLCQ3 Results
Zotefoams PLCTrading Statement
Friday 1 November 
no events scheduled 
Monday 4 November 
Empiric Student Property PLCQ3 Results
Kingspan Group PLC Trading Statement
Kosmos Energy LtdQ3 Results
Ryanair Holdings PLCHalf Year Results
Tuesday 5 November 
Asos PLCFull Year Results
Associated British Foods PLCFull Year Results
Coca-Cola Europacific Partners PLCTrading Statement
EnSilica PLCFull Year Results
International Workplace Group PLCTrading Statement
Smiths News PLCFull Year Results
TI Fluid Systems PLCQ3 Results
TP ICAP Group PLCTrading Statement
Weir Group PLCTrading Statement
Wednesday 6 November 
Beazley PLCTrading Statement
Braemar PLCHalf Year Results
Conduit Holdings LtdQ3 Trading Statement
Domino's Pizza Group PLCTrading Statement
dotdigital Group PLCFull Year Results
JD Wetherspoon PLCTrading Statement
Lancashire Holdings LtdQ3 Results
Marks & Spencer Group PLCHalf Year Results
MaxCyte IncQ3 Results
Morgan Sindall Group PLCTrading Statement
OSB Group PLCTrading Statement
Persimmon PLCTrading Statement
TBC Bank Group PLCQ3 Results
Totally PLCHalf Year Results
Wise PLCHalf Year Results
  
Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

Read more
22 Oct 2024 09:40

LONDON BROKER RATINGS: UBS trims Hiscox price target, raises Beazley's

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning and on Monday:

Read more
18 Oct 2024 09:44

LONDON BROKER RATINGS: Deutsche Bank cuts Compass Group to 'hold'

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and on Thursday:

Read more
10 Oct 2024 14:58

London close: Stocks red as US inflation, jobless claims top forecasts

(Sharecast News) - London's stock markets ended Thursday in negative territory as investors weighed a higher-than-expected inflation and jobless claims readings out of the United States.

Read more
9 Oct 2024 19:34

Hurricane Milton could cost insurers up to $100 billion, analysts say

Milton loss could reach $100 billion, matching Katrina

*

Read more
9 Oct 2024 16:04

Hurricane Milton could cost insurers up to $100 bln, analysts say

Milton loss could reach $100 bln, matching Katrina

*

Read more
9 Oct 2024 10:30

Hurricane Milton could cost insurers $60 bln, raise reinsurance rates, RBC says

Hurricane Milton loss could be $60 bln, similar to Hurricane Ian in 2022- RBC

*

Read more

Track Your Investments

Register for FREE

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.