|Bid||554.50 x 30000|
|Ask||555.00 x 43400|
|Day's Range||552.50 - 563.50|
|52 Week Range||484.20 - 604.50|
|Beta (3Y Monthly)||0.57|
|PE Ratio (TTM)||43.16|
|Forward Dividend & Yield||0.12 (2.09%)|
|1y Target Est||7.58|
Specialist insurer Beazley has updated its MediaTech insurance policy to keep pace with the rapidly evolving technology market and cyber threat landscape faced by firms as they seek to innovate and grow. The Beazley MediaTech policy has been streamlined to provide clear and concise wording and seamless protection, combining comprehensive errors and omissions (E&O) and media liability insurance with cyber coverage. As well as accessing Beazley’s newest, more comprehensive E&O coverage, businesses will benefit from our team’s experience in managing thousands of claims.
Beazley has reported a 105% rise in the number of ransomware attack notifications received by its Beazley Breach (BBR) Services team in the first quarter of 2019 compared to one year earlier. While attacks using ransomware as a service (RaaS) platforms remain commonplace, tending to hit unsuspecting small businesses, more sophisticated variants are being deployed through phishing emails and tricking users into activating banking Trojans. Although banking Trojans are not new, having first hit BBR Services’ radar in 2015, they are increasingly problematic for businesses.
Specialist insurer Beazley has hired Cal Spessard to head the team responsible for handling claims arising from the company’s fast growing environmental liability business. Mr Spessard joins Beazley from environmental risk management specialists WCD Group, where he served as director, claims and litigation services. Prior to joining WCD in 2016, he held a series of senior claims roles at AIG. At Beazley, he succeeds Larry Griffin, who has been promoted to head the claims team responsible for Beazley’s professions business, which, in addition to environmental liability, includes professional liability for architects and engineers and for lawyers.
Insurers have been struggling to raise rates due to strong competition, but Beazley said it had seen the chance to raise premium rates after a string of industry-wide catastrophe claims led to hefty bills in 2017 and 2018. Premiums in Beazley's cyber and executive risk division rose 19 percent, driven by growth in its cyber business. Cyber insurance is often cited as a growth opportunity for Beazley with the market growing significantly in recent years.
Beazley has appointed Richard Montminy as global head of the company’s property division with effect from 20th May 2019. Mr Montminy brings more than three decades of experience in commercial property insurance in senior underwriting and broking roles. He joins Beazley from Zurich North America where he most recently served as head of property for the U.S. commercial insurance operation. Before joining Zurich four years ago, he spent 17 years at Marsh USA where he held various insurance broking and practice leader positions in cities across the U.S.
Specialist Lloyd’s insurer Beazley is partnering with other Lloyd’s insurers to offer a unique and flexible solution to an issue that has long preoccupied the C-suite: reputational risk. In response to this challenge, Beazley has established the Custodian Consortium at Lloyd’s to provide a reputational risk solution that protects clients throughout the lifespan of a crisis. Clients will benefit from crisis management expertise to minimise reputational damage, as well as substantial loss of profits cover to protect companies after a significant downturn in revenue.
When you buy a stock there is always a possibility that it could drop 100%. But on the bright side, if you buy shares in a high quality company at the right price, you can gain well over 100%. For example, the Beazley plc (LO...
Business email compromises (BEC) accounted for 24% of the overall number of incidents reported to Beazley Breach Response (BBR) Services in 2018, compared to 13% in 2017, according to a new report published today by Beazley. Almost half (47%) of all incidents investigated by BBR Services in 2018 were the result of a hack or malware.
David Horton has been the CEO of Beazley plc (LON:BEZ) since 2008. This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. After that,Read More...
ECLIPSE provides environmental liability and pollution clean-up insurance, alongside risk management services that help control pollution risks associated with transactional and operational hazards, transportation, waste disposal and other associated exposures. Following a thorough review of the coverage and clients’ needs in light of changing regulatory requirements and business practices, Beazley has broadened the coverage to include blanket pollution liability protection for non-owned locations and warehouses and distribution chains. Also now included as standard in ECLIPSE is coverage for costs associated with business interruption and crisis response.
Specialist insurer Beazley has collaborated with Marsh, a global leader in insurance broking and innovative risk management solutions, to provide tailored cyber insurance cover and breach response to help US manufacturers address evolving cyber risks. Manufacturers today face a wide range of cyber and operational risks that can cause significant economic loss even if the best systems, controls, personnel, and procedures are in place. Current insurance offerings, however, have not kept pace with the changing cyber risk landscape for manufacturers, and the unique nature of those risks.
A new form of online bribery by cyber criminals who attempt to extort crypto-currency by claiming to have potentially embarrassing evidence of people using adult websites on work computers is adding to the tide of cyber-related incidents hitting businesses. The sender says they have tracked the addresses of pornographic websites the recipient has viewed and to have simultaneously recorded footage of their activity while watching these sites using their webcam. The emails often contain a link or zip file they claim directs the recipient to evidence of the internet usage or webcam activity or to a website to pay the crypto-currency ransom.
A Beazley facility to support improvements to patient quality and safety standards by offering hospitals and health systems a discount on their insurance premium has resulted in savings for clients of more than $10 million. Beazley’s Quality Indicator Return Premium (QuIRP) facility enables hospital clients to earn a discount on their professional liability premiums if they meet pre-agreed patient quality and safety criteria. It has benefited more than 50 clients in the United States since its launch in 2007 by supporting a wide variety of initiatives at hospitals and discounts on insurance premiums, which can be reinvested into further improvements.
"We have negotiated with Lloyd's and we will write businesses that are affected by Brexit through our Lloyd's platform, through Lloyd's Brussels ... That is a great solution for us," Chief Executive Officer Alex Maloney said. Lloyd's, which covers risks from oil rigs to soccer stars' legs, has said it would launch a Brussels unit to continue serving its customers in the European Economic Area after Brexit.
Specialist insurer Beazley has launched site lender environmental asset protection (SLEAP) cover to protect banks and other lenders from pollution risks that could seriously impair the value of property used as collateral for commercial loans. In the event of both a loan default and the discovery of environmental contamination on a property, the policy will cover either the estimated clean-up costs or the loan balance, whichever is lower. The policy also pays clean-up costs for environmental contamination at properties owned by the lender as the result of a foreclosure.
Want to participate in a short research study? Help shape the future of investing tools and you could win a $250 gift card! BEZ operates in the insurance industry, whichRead More...
Beazley shares rose 5 percent, topping London's mid-cap index after its results showed a smaller hit to 2018 profit from hurricane, typhoon and wildfire claims than investors had feared. The company, part of the oldest insurance market in the world, warned last July that a "hard" Brexit could prove very expensive for the insurance sector and said there had to be a transition period. On Thursday, Beazley Chief Executive Andrew Horton told Reuters that over 60 percent of its revenue comes from the United States and would not be hit by Brexit and that it could now write business through a Brussels subsidiary of Lloyd's.
New York, Feb. 05, 2019 -- Specialist insurer Beazley today announced the creation of a new division, Cyber & Executive Risk, to focus on some of the most challenging risks.
Beazley has expanded its healthcare management liability (HML) team with the appointment of Greg Goetz as complex claims manager and Jack Sheehan as underwriter. Before joining Beazley, Mr Goetz was a financial lines complex claims analyst at Allianz Global Corporate & Specialty for two years.
(Reuters) - Lloyds of London insurer Beazley Plc (BEZG.L) on Thursday named Sally Lake as its finance director, replacing Martin Bride. Bride, who has been with the company since 2009, will step down in ...
JLT Re's global property-catastrophe reinsurance index fell 1.2 percent at the key Jan. 1 policy renewal season, the broker said on Wednesday, dashing the industry's hopes of higher reinsurance premiums after the second straight year of big losses. Reinsurance prices have fallen in recent years as traditional reinsurers face competition from new players and products such as catastrophe bonds, but industry giants were hoping for higher rates after facing the most costly quarter on record in 2017. "Despite another active catastrophe year in the United States, property-catastrophe rate changes were modest," said Ed Hochberg, chief executive officer of JLT Re in North America.
The company, which is a part of the oldest insurance market in the world, had last month estimated the initial cost of the recent Atlantic hurricanes and the typhoons in Asia to be around $105 million.
Beazley has appointed Reese Lever as the company’s US marine underwriter in the South West region. Reese joins Beazley’s office in Houston, Texas, from QBE where he was a vice president, marine, based in the same city. This followed a career as a deck officer with Military Sealift Command and he is a graduate of United States Merchant Marine Academy in New York.