OverviewSuggest Edit

Beazley provides risk insurance and reinsurance solutions worldwide. Its Marine segment underwrites various marine classes. Its Political, Accident and Contingency segment underwrites terrorism, political violence, expropriation, and credit risks, as well as contingency and risks associated with contract frustration. This segment also underwrites life, health, personal accident, sports, and income protection risks. The Property segment provides commercial, homeowners', and construction and engineering property insurance. The Reinsurance segment specializes in writing property catastrophe, property per risk, casualty clash, aggregate excess of loss, and pro-rata businesses. Beazley's Specialty Lines segment underwrites professional, management, and environmental liability.

TypePublic
Founded1986
HQLondon, GB
Websitebeazley.com
Employee Ratings3.3

Latest Updates

Employees (est.) (Dec 2018)1,384(+5%)
Job Openings33
Revenue (FY, 2018)$2.2 B(+6%)
Share Price (Oct 2020)£3.2
Cybersecurity ratingBMore

Key People/Management at Beazley

Adrian Cox

Adrian Cox

Chief Underwriting Officer, Executive Committee
Andrew Horton

Andrew Horton

Chief Executive Officer, Executive Committee (Chair)
Sally Lake

Sally Lake

Group Finance Director
Ian Fantozzi

Ian Fantozzi

Group Chief Operating Officer
David Roberts

David Roberts

Chairman
John Reizenstein

John Reizenstein

Non-Executive Director
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Beazley Office Locations

Beazley has offices in London, Birmingham, Leeds, Manchester and in 24 other locations
London, GB (HQ)
Plantation Place South 60 Great Tower Street
Birmingham, GB
Cornerblock 2 Cornwall Street
Leeds, GB
WIRA House, WIRA Business Park, West Park Ring Road
Manchester, GB
Peter House, Oxford St
Rio de Janeiro, BR
Avenida Almirante Barroso 52, Sala 2401
Montréal, CA
310 Rue Sherbrooke Ouest
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Beazley Financials and Metrics

Beazley Revenue

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Beazley's revenue was reported to be $2.16 b in FY, 2018 which is a 5.7% increase from the previous period.
USD

Revenue (FY, 2018)

2.2b

Revenue growth (FY, 2017 - FY, 2018), %

5.7%

Gross profit (FY, 2018)

931.6m

Gross profit margin (FY, 2018), %

43.1%

Net income (FY, 2018)

68.2m

EBIT (FY, 2018)

98.8m

Market capitalization (2-Oct-2020)

1.9b

Closing stock price (2-Oct-2020)

3.2

Cash (31-Dec-2018)

255.0m
Beazley's current market capitalization is £1.9 b.
Annual
USDFY, 2016FY, 2017FY, 2018

Revenue

1.9b2.0b2.2b

Revenue growth, %

37%8%6%

Cost of goods sold

855.6m1.1b1.2b

Gross profit

1.0b967.5m931.6m
Half Year
USDH1, 2018

Revenue

1.0b

Cost of goods sold

549.5m

Gross profit

465.3m

Gross profit Margin, %

46%
Annual
GBPFY, 2015FY, 2016FY, 2017FY, 2018

Cash

523.2m507.2m440.5m255.0m

Accounts Receivable

1.4b1.6b

Current Assets

5.0b5.5b

PP&E

178.3m5.4m4.4m3.7m
Half Year
USDH1, 2018

Cash

432.9m

PP&E

5.4m

Total Assets

7.9b

Total Debt

387.3m
Annual
GBPFY, 2015FY, 2016FY, 2017FY, 2018

Net Income

192.5m251.0m130.0m51.7m

Depreciation and Amortization

5.3m11.6m

Cash From Operating Activities

151.1m193.9m254.3m211.3m

Purchases of PP&E

(2.9m)(1.7m)
Half Year
USDH1, 2018

Net Income

47.6m

Depreciation and Amortization

6.1m

Cash From Operating Activities

59.3m

Purchases of PP&E

(1.8m)
USDFY, 2015

Financial Leverage

4.7 x
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Beazley Operating Metrics

H1, 2017FY, 2017H1, 2018

COR

90%99%95%

Claims Ratio

49%58%56%

Expense Ratio

41%41%39%

Gross Investment Return as % of Opening Portfolio Value

3.4%2.9%0.4%
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Beazley Cybersecurity Score

Cybersecurity ratingPremium dataset

B

81/100

SecurityScorecard logo

Beazley Revenue Breakdown

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Beazley revenue breakdown by business segment: 11.9% from Marine, 9.7% from Political, accident & contingency, 15.4% from Property, 7.3% from Reinsurance and 55.6% from Specialty lines

Beazley Online and Social Media Presence

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Beazley News and Updates

Beazley shares fall as it doubles coronavirus claims forecast

Specialist insurer Beazley has doubled its forecast for insurance claims related to the impact of the coronavirus pandemic to $340m, The post Beazley shares fall as it doubles coronavirus claims forecast to $340m appeared first on CityAM.

Beazley Breach Insight: Middle-market cyber attacks rise during the pandemic

Global breach data shows rise in social engineering scams Global breach data shows rise in social engineering scams

Beazley enhances cyber and media & technology insurance offering in Canada

Streamlined policies offer 360 degree protection to Canadian businesses against cyber risks Streamlined policies offer 360 degree protection to Canadian businesses against cyber risks

Beazley builds Midwest presence with four cyber & executive risk underwriting hires

New York, Aug. 03, 2020 (GLOBE NEWSWIRE) -- Specialist insurer Beazley has appointed four new underwriters within its Chicago-based cyber & executive risk (CyEx) division to add expertise and support growth across the business. Jon Perry and Megan Feyereisen join as executive risk underwriters…

Beazley launches liability policy for SME media sector in U.S.

Occurrence-based media liability insurance plus optional coverages designed for traditional and online publishers Occurrence-based media liability insurance plus optional coverages designed for traditional and online publishers

Beazley and RenaissanceRe collaborate on cyber catastrophe cover solution backed by capital markets

London, Jan. 09, 2020 (GLOBE NEWSWIRE) -- Specialist insurer Beazley and global reinsurer RenaissanceRe have jointly launched a new reinsurance product providing Beazley with additional catastrophe cover for cyber events.  The majority of the security behind the deal will be provided by capital so…
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Beazley Frequently Asked Questions

  • When was Beazley founded?

    Beazley was founded in 1986.

  • Who are Beazley key executives?

    Beazley's key executives are Adrian Cox, Andrew Horton and Sally Lake.

  • How many employees does Beazley have?

    Beazley has 1,384 employees.

  • What is Beazley revenue?

    Latest Beazley annual revenue is $2.2 b.

  • What is Beazley revenue per employee?

    Latest Beazley revenue per employee is $1.6 m.

  • Who are Beazley competitors?

    Competitors of Beazley include James River Group, White Oak Underwriting Agency and Brown & Brown.

  • Where is Beazley headquarters?

    Beazley headquarters is located at Plantation Place South 60 Great Tower Street, London.

  • Where are Beazley offices?

    Beazley has offices in London, Birmingham, Leeds, Manchester and in 24 other locations.

  • How many offices does Beazley have?

    Beazley has 30 offices.