Five to buy
Beazley
Shares in this specialist insurer took a knock after it announced a flat pre-tax profit in the half year to 30 June. The market reaction looks “a bit harsh”: the results may have been driven as much by accounting technicalities as by the underlying performance. The US property business is doing very well indeed, with premiums up by 65% as extreme weather (such as hurricanes) becomes more common. Cybersecurity is also turning in a respectable performance. On
