March 4 (Reuters) - British speciality insurer Beazley reported a 19% drop in annual pre-tax profit on Wednesday, amid a softening insurance rating environment and weak growth in its cyber insurance
Beazley Reports 19% Profit Drop, Sees Limited Impact from Middle East Conflict
Beazley’s Annual Financial Performance and Market Outlook
Annual Profit Results
Pre-Tax Profit Decline
March 4 (Reuters) - British speciality insurer Beazley reported a 19% drop in annual pre-tax profit on Wednesday, amid a softening insurance rating environment and weak growth in its cyber insurance business.
Corporate Developments
Takeover Bid from Zurich Insurance
The insurer, which agreed to an $11 billion takeover bid from Zurich Insurance this week, said its exposure to the Middle East conflict is limited as of now, with no material impact anticipated.
Market and Geopolitical Impact
Middle East Conflict Exposure
Current Assessment
Reporting Credits
Contributors
(Reporting by Yamini Kalia in Bengaluru; Editing by Sumana Nandy)
