FTSE 100 insurer Beazley said war and rising global risks were denting the insurance market as it revealed that its profit more than halved in the first half of 2026.
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Boss Adrian Cox said the company was knocked by ‘rapidly softening conditions’ in the specialist insurance market.
A former group chief risk officer at cyber insurance giant Beazley left the FTSE 100 business following allegations of…
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It comes amid a jump in weather-related claims, a subdued market and pricing pressure.
London-headquartered bank’s shares slide as it sets aside an extra $300m to cover effects of Middle East conflict
