July 23, 2020 / 6:22 AM / 23 days ago

Insurer Beazley swings to first-half loss as COVID-19 claims mount

July 23 (Reuters) - British insurer Beazley Plc swung to a loss for the first half on Thursday as it set out tens of millions of pounds to pay coronavirus-related claims, while its investment returns also took a beating from the pandemic-driven market selloff.

Beazley, which provides casualty and property, cyber and political risk insurance, also abandoned its interim dividend as it posted a loss before tax of $13.8 million for the six months ended June 30, compared with a pretax profit of $166.4 million a year earlier. (Reporting by Muvija M in Bengaluru; Editing by Krishna Chandra Eluri)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below