Beazley pointed to cyber crime protection and the space industry as areas of growth and innovation in the Lloyd’s of London insurance market as its 2022 profits took a hit from investment losses.
The FTSE 100 company has become a leading provider of insurance against cyber attacks, an high growth area for the Lloyd’s insurance market. After a series of high-profile hacks targeting big name companies including Royal Mail and The Guardian newspaper last year, demand is up “exponentially”.
