facility

Share

Beazley’s third-party capital backed Smart Tracker to transition to full-syndicate

Beazley has announced this morning that its Smart Tracker special purpose arrangement (SPA) syndicate 5623 will now become a full market-facing syndicate at Lloyd's. The third-party capital backed Smart Tracker is one of Beazley's underwriting structures that attracts institutional investor capital, akin to an insurance-linked strategy, that augments its underwriting capacity read the full article →

Beazley’s Smart Tracker “significantly oversubscribed by third party capital”

Demonstrating that the returns of Lloyd's insurance and reinsurance market business remains very attractive to investors, Beazley said this morning that its Smart Tracker special purpose arrangement (SPA) syndicate 5623 is now "significantly oversubscribed by third party capital". Beazley’ SPA Syndicate 5623 was launched at the beginning of 2018  with plans read the full article →

Beazley announces launch of ESG syndicate-in-a-box at Lloyd’s

Beazley has now received in principle approval from Lloyd’s to establish its planned ESG focused consortium that will sit under its Market Facilities unit and leverage some third-party capital to underwrite risks that have been scored against environmental, social and governance (ESG) metrics. The ESG underwriting consortium will sit within Syndicate read the full article →

Beazley open to third-party capital via Lloyd’s ILS structure: CEO Cox

During a recent podcast interview with analysts from investment bank Peel Hunt, Adrian Cox, CEO of specialist insurance and reinsurance firm Beazley explained that he is open to using the new London Bridge Risk PCC insurance-linked securities (ILS) structure, launched by Lloyd's, as a way to access third-party capital. Beazley is read the full article →

Beazley’s Smart Tracker performance improves, plans ESG strategy

Beazley, the specialist Lloyd’s focused insurance and reinsurance underwriter, has reported improving performance for its Smart Tracker special purpose arrangement (SPA) syndicate 5623 and now plans to house a new ESG focused consortium under the same Market Facilities unit. Beazley’ SPA Syndicate 5623 was launched at the beginning of 2018  with read the full article →

Beazley reports “higher than expected rate changes” in Q1

Beazley, the Lloyd’s market focused specialist insurance and reinsurance underwriter, has continued to expand its underwriting within its market facilities unit, where the largely third-party capital backed Smart Tracker facility sits, growing that segment 35% during the first-quarter of this year. Beazley has reported overall growth of 16% in gross premiums read the full article →

Beazley targets more third-party capital, as renewal rates rise 15%

Beazley, the Lloyd’s market focused specialist insurance and reinsurance underwriter, fell to a $50.4 million loss for 2020, with a combined ratio of 109%, but targets a more profitable year in 2021 with no additions to its COVID-19 pandemic claims in the fourth-quarter. The company is bullish on the forward-potential for read the full article →

Beazley to use reinsurance to manage 2021 mid-teens growth target

Beazley, the Lloyd’s market focused specialist insurance and reinsurance underwriter, has had its business plan approved for 2021 by Lloyd's and is targeting mid-teens growth. The company is planning to grow across much of its book, including more volatile lines of business, but noted today that it will user reinsurance to read the full article →

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 →