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Personally, I adopt the same investment approach for my Self-Invested Personal Pension (SIPP) as I do for my Stocks and Shares ISA. Usually, this involves looking at the pros and cons of investing in certain members of the FTSE 100, whose names are more familiar to me.
However, until recently, I must admit I knew very little about Beazley (LSE:BEZ), the specialist insurer. But it caught my eye after it announced a record-breaking pre-tax profit for 2024 of $1.42bn. That’s a healthy 13% increase on the previous year.
And it comes against a backdrop of an increasing number of environmental disasters, which can be costly to insurers.
Doomsday?
Investors who saw the Financial Times over the weekend (28-29 June) could be forgiven for wanting to avoid the sector. In fact, readers might want to stop investing altogether.
Under the headline: ‘Crash: How the Next Financial Crisis…
