Date: Tuesday 29 Apr 2014
LONDON (ShareCast) - Beazley's Group Finance Director, Martin Bride, on Tuesday sold all 37,500 shares that vested under the specialist insurance company's April 2009 plan.
Bride, who joined the group that year, sold the shares at 243.75p each, generating £91,406.
The company delivered an impressive performance in 2013 and at the publication of its results expressed confidence in its outlook. The results themselves revealed a 25% jump in full-year pretax profits, which came on the back of a strong underwriting performance and a quiet year for catastrophe related loss claims.
Pretax profits for its year to December 2013 jumped to $313.3m, up from $251.2m a year earlier. Net premiums written by the company - an expert in marine, casualty and property insurance - grew 9% to $1.68bn. Net insurance claims, meanwhile, fell 8% to $719m.
Top Director Buys
CLS Holdings (CLI)
Director name: Mr Sten A Mortstedt
Amount purchased: 23,760 @ 1,394.00p
Value: £331,214
EG Solutions (EGS)
Director name: Mr Duncan J McIntyre
Amount purchased: 400,000 @ 50.00p
Value: £200,000
Prezzo (PRZ)
Director name: Mr John D Lederer
Amount purchased: 80,000 @ 145.00p
Value: £116,000
Candover Investments (CDI)
Director name: Mr Malcolm Fallen
Amount purchased: 12,500 @ 521.00p
Value: £65,125
EG Solutions (EGS)
Director name: Mr John Brougham
Amount purchased: 60,000 @ 50.00p
Value: £30,000
Quindell (QPP)
Director name: Mr Laurence Moorse
Amount purchased: 100,000 @ 20.00p
Value: £20,000
Quindell (QPP)
Director name: Mr Stephen Scott
Amount purchased: 100,000 @ 19.00p
Value: £19,000
Top Director Sells
Prezzo (PRZ)
Director name: Mr Adam Kaye
Amount sold: 1,379,311 @ 145.00p
Value: £2,000,001
Prezzo (PRZ)
Director name: Mr Samuel Kaye
Amount sold: 1,379,311 @ 145.00p
Value: £2,000,001
Prezzo (PRZ)
Director name: Mr Alan Millar
Amount sold: 300,000 @ 145.00p
Value: £435,000
Mandarin Oriental International (Singapore) (MDO)
Director name: Mr Michael Hobson
Amount sold: 183,606 @ $1.78
Value: $327,663
Travis Perkins (TPK)
Director name: Mr John P Carter
Amount sold: 16,739 @ 1,773.24p
Value: £296,823
Prezzo (PRZ)
Director name: Mr Kuldip Sehmi
Amount sold: 200,000 @ 145.00p
Value: £290,000
Prezzo (PRZ)
Director name: Mr Micheal Carlton
Amount sold: 145,000 @ 145.00p
Value: £210,250
Travis Perkins (TPK)
Director name: Mr John P Carter
Amount sold: 9,496 @ 1,773.24p
Value: £168,387
Prezzo (PRZ)
Director name: Mr Mehdi Gashi
Amount sold: 91,308 @ 145.00p
Value: £132,397
Beazley (BEZ)
Director name: Mr Martin Bride
Amount sold: 37,500 @ 243.75p
Value: £91,406
NR
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