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.

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.

Boss Adrian Cox said the company was knocked by ‘rapidly softening conditions’ in the specialist insurance market.