Follows last week's worldwide IT outage (Il Sole 24 Ore Radiocor) - London, 23 Jul - The UK insurer Beazley confirmed its guidance for its full year undiscounted combined ratio in the low 80% range after the unprecedented IT outage that Friday affected 8.5 million Windows devices worldwide.

"Given the unprecedented nature of this event and Beazley's position as a leading cyber insurer, the Company has elected to provide an update on its position in relation to the outage. Based on what is known at this point, the event will not change the current undiscounted combined ratio guidance of low-80s for the full year," it said.

Beazley will update the market on its first half performance on August 8.

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(RADIOCOR) 23-07-24 14:32:26 (0391) 5 NNNN