Beazley Kept at Buy as Berenberg Expects Inflection Point in Cyber Insurance Pricing

06:39 AM EST, 12/09/2025 (MT Newswires) -- Berenberg still views Beazley (BEZ.L) as well-positioned to benefit from a potential inflection in pricing in the cyber insurance sector, which is currently in an "unsustainable" state amid a soft pricing environment. The buy rating on the British specialist insurer's stock and price target of 11 pounds sterling were left unchanged on Monday. "We believe that the fundamentals of the business remain robust and management is rightfully prioritising returns over growth, especially in areas where the market is currently not behaving rationally. We maintain our view that the cyber insurance market is approaching an inflection point in terms of pricing; however, this could take longer to materialise than we initially expected - the longer it takes, the sharper the upward pricing correction would likely be, in our view," analysts said, adding that the company's valuation remains undemanding despite it being the "worst-performing" stock year-to-date in the European Insurance Index. The research firm also expects Beazley's new subsidiary in Bermuda to provide the company with potential growth opportunities from the cyber-insurance-linked securities space.