Beazley
Hardy boss accuses Beazley of undervaluing firm with offer
Hardy chief executive Barbara Merry has blamed a tough insurance cycle for the insurer trading below book value but said that is no reason for its shareholders to jump to accept Beazley's offer.
Editor's comment: Lloyd's soap rumbles on
As the clock ticked down to the Friday (15 October) deadline to complete a deal for Brit, the Dutch-domiciled insurer confirmed an extension has been granted to bidders Apollo and CVC Capital Partners.
Hardy: "opportunistic" Beazley offer undervalues business
Hardy has hit responded to Beazley's offer by commenting that the proposal "substantially undervalues the company".
Beazley still keen on Hardy despite "surprise" at £158.4m bid rejection
Beazley has confirmed that it has made a 300p per share case approach to Hardy Underwriting Bermuda valuing the latter at £158.4m that has been rejected by Hardy.
Beazley still keen on Hardy despite "surprise" at £158.4m bid rejection
Beazley has confirmed that it has made a 300p per share case approach to Hardy Underwriting Bermuda valuing the latter at £158.4m that has been rejected by Hardy.
Beazley mourns the death of deputy chairman and co-founder
The board of Beazley has announced the death yesterday evening of its deputy chairman, Andrew Beazley, at the age of 57. Mr Beazley was co-founder of the company and its chief executive for twenty two of its twenty four year history.
Beazley adds to political risks team
Beazley has appointed Lila Rymer to its political risks team.
Energy rates rise
Worldwide energy insurance rates will continue to harden in 2010 because of the Deepwater Horizon oil disaster Beazley has claimed.
Lloyd's & London market: Bargain hunt
It looks like investors searching for a piece of the action in Lloyd's can pick up a bargain right now, as depressed share prices shine a light on profitable businesses trading at a discount to their net asset value. Ralph Savage investigates whether a…
Beazley gives warningover energy rate spike
Worldwide energy insurance rates will continue to harden in 2010 due to the Deepwater Horizon oil disaster, with a further spike possible at the reinsurance renewal season, Beazley has claimed.
Beazley sees rates go backwards on renewals as it hits $115.5m profit
Lloyd's insurer Beazley achieved a profit before tax of $115.5m (2009: $30.1m). It added the profit before income tax and earnings per share includes an exceptional foreign exchange gain of $33.7m.
Beazley expands contingency team
Beazley’s contingency team has recruited two new staff members in order to expand its service offering in the UK and Australia.
Former Lloyd's director Tolle joins Beazley
Rolf Tolle is to join the board of Beazley Furlonge, the Lloyd’s managing agency that forms part of Beazley, the company announced today. The appointment is subject to regulatory approval.
World Cup insurance breakdown
The football World Cup will be insured to the tune of an estimated £6.2bn when it kicks off in South Africa on Friday, according to Lloyd's.
Beazley names new head of professionals’ E&O
Specialist insurer Beazley has appointed Jerry Sullivan as its new head of professionals E&O.
World Cup 2010 "most injury exposed ever" claims Beazley
A steady and significant increase in the workload of world class football players in recent years is likely to increase the injury rate at this year’s World Cup, making the 2010 tournament “the most injury exposed in history.”
World Cup 2010 "most injury exposed ever" claims Beazley
A steady and significant increase in the workload of world class football players in recent years is likely to increase the injury rate at this year’s World Cup, making the 2010 tournament “the most injury exposed in history.”
Lloyd's estimates World Cup insurance coverage at £6.2bn
The football World Cup will be insured to the tune of an estimated £6.2bn when it kicks off on Friday, according to Lloyd’s.
Results: Rollercoaster results characterise Q1 2010
As first-quarter results emerged around the globe in May, we have seen some clear winners and losers with many suffering from heavy catastrophe losses, writes Katherine Blackler.
Beazley appoints broker relations boss
Beazley has appointed Dan Jones to lead its strategic broker relations programme.
Energy - Deepwater Horizon impact: In deep water?
Stephanie Denton reports on the fallout for the energy market from the recent Deepwater Horizon drilling platform explosion.
Beazley sees significant gains in reinsurance and property in Q1
Beazley has reported a 195% increase in premiums to $438.2m in quarter one 2010 (Q1 2009: $368.9m). It added average rates decreased by 1%.
Axa raids Hiscox and Beazley for financial lines push
Axa Insurance has made a number of specialist appointments to underpin its growth plans in the SME sector and its ambitions in the mid-corporate market.
Beazley adds to US accident & health business
Beazley has appointed Scott Machut as head of business development for the group’s accident & health division in the U.S.