(Sharecast News) – Beazley announced on Thursday that its chief financial officer Sally Lake is to leave the company next year, just two weeks after the company delivered an impressive set of results for the first half.
Lake will exit the insurance group in 12 months’ time, and the board will now start to look for an external successor.

Beazley’s chief executive officer Adrian Cox said in a statement: “Sally’s commitment to an orderly succession will conclude a remarkable career with Beazley. When Sally leaves Beazley she will have spent five years in the CFO role and over 18 years in the business.”

He also reassured investors that the company’s guidance on growth, combined ratio and its long-term outlook remain unchanged, despite the finance chief’s exit.

The FTSE 100 company, which is a leader in speciality liability insurance and cyber insurance, reported in late July that, after recalibrating results for the new International Financial Reporting Standards that came into place on 1 January 2023 (IFRS 17), pre-tax profit for the first six months of the year totalled $362m, compared with just $22m the year before.

Related articles

Ryanair passenger numbers jump 9% in December

Ryanair passenger numbers jump 9% in December

(Sharecast News) - Budget airline Ryanair reported a 9% jump in December passenger numbers on Wednesday. Traffic rose to 12.54 million from 11.52m in the same month a year earlier, while the load factor - which gauges how full the planes are - ticked down to 91% from...

Wizz Are passenger numbers soar in December

Wizz Are passenger numbers soar in December

(Sharecast News) - Hungary-based budget airline Wizz Air reported a strong rise in December passenger numbers as demand continued to rebound from the Covid pandemic. The company on Wednesday said it carried 4,964,857 passengers, an 18.8% increase year on year. For the...

Trending stories

Join our mailing list

Subscribe to our mailing list to receive regular updates!