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Beazley should buy more reinsurance to protect its shareholders: Jefferies

Analysts from Jefferies said they would advise specialty insurance and reinsurance firm Beazley to look to securing additional reinsurance capital, over other funding sources such as another equity raise, after the firm reported escalating losses and given the active levels of catastrophe loss activity seen. Beazley recently reported a doubling of read the full article →

Beazley raises Covid-19 loss estimate to $340m on event cancellation

Beazley, the specialist Lloyd’s focused insurance and reinsurance underwriting business, has increased its estimate of the cost of Covid-19 claims for its first party business by 100% to $340 million, net of reinsurance, in light of the evolving status of the pandemic crisis. Back in April, Beazley revealed an expected Covid-19 read the full article →

Beazley’s market facilities line expands, expects economies of scale

Beazley, the Lloyd’s market focused specialist insurance and reinsurance underwriter, has continued to expand its market facilities business line which includes its third-party capital backed beta-like market tracking structures. Reporting its first-half interim results this morning, in which it posted a $13.8 million pre-tax loss as impacts from the Covid-19 pandemic read the full article →

Beazley sets $1bn premium target for investor-backed Smart Tracker

Beazley, the Lloyd’s market focused specialist insurance and reinsurance underwriter, has ambitious targets for bringing significant amounts of third-party capital under its management through facilities, or beta-like market tracking structures, according to analysts. In particular, Beazley sees a huge opportunity to grow its third-party capital backed ‘smart tracker’ special purpose arrangement read the full article →

Beazley says Covid-19 losses to reach $170m after reinsurance

Beazley, the specialist Lloyd’s focused insurance and reinsurance underwriting business, has revealed an expected Covid-19 claims burden of $170 million net of reinsurance across its business. We would expect some of that loss to be shared with investors backing the companies third-party capital arrangements. In a trading update today, Beazley said read the full article →

Beazley’s third-party capital backed Smart Tracker premiums rise 330%

Beazley, the specialist Lloyd’s focused insurance and reinsurance underwriter, lifted the amount of premiums written within its third-party capital backed ‘smart tracker’ special purpose arrangement (SPA) syndicate 5623 significantly in 2019. Beazley' SPA Syndicate 5623 was launched at the beginning of 2018  and saw the vehicle taking a 75% quota share read the full article →

Beazley names Roscoe to lead smart tracker syndicate 5623

Lloyd’s specialist insurance and reinsurance player Beazley has named employee Will Roscoe as the new leader for its third-party capital backed ‘smart tracker’ special purpose arrangement (SPA) syndicate 5623. Beazley launched its SPA Syndicate 5623 at the beginning of 2018, with the vehicle taking a 75% quota share of broker facilities read the full article →

Beazley sees tech + capital efficiency in smart tracker, but brokers hold it back

Beazley continues to try and drive down the cost of re/insurance capital using its so-called 'smart tracker' special purpose arrangement (SPA) syndicate 5623, with digitalisation a goal to add further efficiency in the future. But at the same time the specialist insurance and reinsurance firm today questioned brokers willingness to recognise read the full article →

Beazley underwriting result dented, but pricing drives higher growth target

Specialist Lloyd’s focused insurance and reinsurance player Beazley has reported its results for the first-half of the year, revealing dented underwriting profits due to continued impacts from catastrophes and loss creep, but much improved pricing that should flow through over the course of the year ahead. As first to report, of read the full article →

Fuchsia Capital PCC registered for UK ILS, understood to be for Beazley

A third protected cell company has been registered and authorised under the UK's Risk Transformation Regulations 2017, Artemis has learned. Fuchsia Capital PCC Ltd. is lined up for use as a UK insurance-linked securities (ILS) vehicle, with the sponsor said to be re/insurer Beazley. Specialist Lloyd’s focused insurance and reinsurance player read the full article →