Specialist insurer Beazley Plc has outlined its performance for the first half of 2023.
In its trading statement, Beazley reported the following numbers for the period:
Broken down by business division, below are the GWP numbers.
|
Business division |
GWP for first half 2023 |
GWP for first half 2022 |
|---|---|---|
|
Cyber |
$539.7 million |
$472.7 million |
|
Digital |
$110.4 million |
$111.1 million |
|
MAP* |
$517.4 million |
$547.2 million |
|
Property |
$791.6 million |
$478 million |
|
Specialty |
$935 million |
$945.9 million |
*Beazley’s political, accident & contingency, market facilities, marine, and aviation businesses
Compared to the previous year, GWP from cyber risks grew 14%; digital saw a 1% slide; MAP risks, down by 5%; property risks, up 66%; and specialty risks posted a slight decline of 1%.
“The excellent conditions in the property market persisted into the second quarter, and we continued to take advantage of those, delivering a strong performance on growth for the group in the first half of 2023,” said Beazley chief executive Adrian Cox.
“With premium written in line with our expectations, we are confident of delivering our growth guidance for the year.”
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