Beazley has reported a record first-half profit of $728.9 million for the period ending June 30, driven by strong premiums across various sectors.
The premium breakdown is as follows:
Cyber Risks: $577.8 million
Digital Risks: $126.8 million
Marine, Accident, and Political (MAP) Risks: $506.9 million
Property Risks: $1.01 billion
Specialty Risks: $903.4 million
CEO Adrian Cox praised the company’s performance, attributing it to effective underwriting and risk selection. He noted a 25% growth in property insurance and highlighted the resilience of Beazley’s cyber risk strategies amid significant IT challenges.
Beazley anticipates continued success and has adjusted its full-year combined ratio guidance to around 80%, improving from 81% in the first half and 88% last year.
