22 February 2024Insurance

Beazley can’t find its claims; ups 2023 guidance & pays shareholders

Beazley has likely beaten is own forecasts for 2023 underwriting margins for a simple shortage of claims and may end up putting an additional $300 million back to shareholders in turn, management said in a filing for investors.

Already registered?

Login to your account

For multi-user price options, or to check if your company has an existing subscription that we can add you to for FREE, please email Adrian Tapping at atapping@newtonmedia.co.uk

More on this story

Allstate SCS-season cat losses hit $2.4bn as July bill surges 3.7x

20 August 2026 A mild season by one count: storm reports fall 27% as hail reports halve, wind drops 20%.

US rate filings hit the brakes as objections send business to E&S

20 August 2026 Rate approvals vary by more than 250 days across states, homeowners takes the most heat.

Xceedance appoints former Convex COO to executive to board

20 August 2026 Brings more than 30 years of re/insurance, asset management experience.

More articles

Cyber claims value climbs over 600% in eight years; ransomware, malware largely to blame

Allstate SCS-season cat losses hit $2.4bn as July bill surges 3.7x

US rate filings hit the brakes as objections send business to E&S

Xceedance appoints former Convex COO to executive to board

Commercial softening spreads, but some tides may be turning: CIAB

P&C revenue for Europe’s Big Four reinsurers shrinks by 9% in first half: Fitch

Capital rush into US inland marine could squeeze pricing and margins

Marco Capital boosts specialist insurance services with Pro Global acquisition

Copyright © intelligentinsurer.com 2024 | Headless Content Management with Blaze