Beazley Share News (BEZ)

UK insurer Beazley lifts outlook after profit nearly doubles

Expects undiscounted combined ratio around 80%

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Beazley reports record first-half profit

(Sharecast News) - Beazley announced a record profit before tax of $728.9m for the first half on Thursday, nearly doubling its $366.4 million profit from the same period last year.

Thursday preview: Weekly US jobless claims, Beazley in focus

(Sharecast News) - The economic calendar on Thursday will be very light.

UK earnings, trading statements calendar - next 7 days

Insured losses from CrowdStrike outage could reach $1.5 bln, CyberCube says

LONDON, July 25 (Reuters) - Global insured losses from last week's massive IT outage are likely to range from $400 million to $1.5 billion, cyber analytics firm CyberCube said on Thursday.

Fortune 500 firms to see $5.4 bln in CrowdStrike losses, says insurer Parametrix

LONDON, July 24 (Reuters) - U.S. Fortune 500 companies, excluding Microsoft, will face $5.4 billion in financial losses from the recent CrowdStrike outage, insurer Parametrix said on Wednesday.

Miners, energy shares drag FTSE 100 lower

FTSE 100 down 0.4%, FTSE 250 off 0.2%

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London close: Stocks finish weaker on quiet day for data

(Sharecast News) - London stocks ended in the red on Tuesday, as losses in the mining sector overshadowed gains in other areas.

LONDON MARKET MIDDAY: FTSE 100 perks up despite miners falling

(Alliance News) - London's FTSE 100 climbed into the green by Tuesday afternoon, growing in confidence as the morning wore on, despite China slowdown worries keeping a lid on metal prices, hurting miners.

Beazley's speedy update after CrowdStrike IT calamity "impressive"

(Alliance News) - Beazley PLC calmed some investors' nerves, after Friday's worldwide IT glitch prompted worries that the insurer could have been caught in the cross-hairs.

IN BRIEF: Beazley says CrowdStrike debacle won't hit financial results

Beazley PLC - London-based specialist insurance underwriter, managing six Lloyd's of London syndicates - Confirms there is no change to its guidance for underwriting performance, following the global IT crash on Friday last week caused by a faulty software update by cybersecurity firm CrowdStrike Holdings Inc. Beazley notes that it is a leading cyber insurer but says that, "based on what is known at this point", the event will not change its guidance for an undiscounted combined ratio in the low-80s for 2024. A combined ratio below 100 means a profit on underwriting, so the lower the better. Beazley says it will profit an update with its first-half results on August 8.

LONDON BRIEFING: Compass ups outlook; Beazley says no IT mayhem hit

(Alliance News) - London's FTSE 100 is set for a tepid start on Tuesday, despite stocks in New York ending higher, with tech shares shining ahead of another batch of earnings.

Beazley says CrowdStrike outage doesn't change profit guidance

(Sharecast News) - UK insurance group Beazley has reassured investors that the ongoing IT outage linked to cyber firm CrowdStrike should not affect its profitability.

Beazley says has no plans to change guidance after mass IT outage

LONDON, July 23 (Reuters) - Insurer Beazley said on Tuesday it had no plans to alter its guidance in the wake of Friday's global IT glitch, which crashed an estimated 8.5 million Windows-operated devices, crippling transport systems and impacting financial markets.

LONDON BROKER RATINGS: HSBC cuts Beazley, Berenberg raises Gym Group

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