Beazley Finance Director sells shares post-vesting

29th Apr 2014 16:16

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 BuysCLS Holdings (CLI) Director name: Mr Sten A MortstedtAmount purchased: 23,760 @ 1,394.00p Value: £331,214EG Solutions (EGS) Director name: Mr Duncan J McIntyreAmount purchased: 400,000 @ 50.00p Value: £200,000Prezzo (PRZ) Director name: Mr John D LedererAmount purchased: 80,000 @ 145.00p Value: £116,000Candover Investments (CDI) Director name: Mr Malcolm FallenAmount purchased: 12,500 @ 521.00p Value: £65,125EG Solutions (EGS) Director name: Mr John BroughamAmount purchased: 60,000 @ 50.00p Value: £30,000Quindell (QPP) Director name: Mr Laurence MoorseAmount purchased: 100,000 @ 20.00p Value: £20,000Quindell (QPP) Director name: Mr Stephen ScottAmount purchased: 100,000 @ 19.00p Value: £19,000Top Director SellsPrezzo (PRZ) Director name: Mr Adam KayeAmount sold: 1,379,311 @ 145.00p Value: £2,000,001Prezzo (PRZ) Director name: Mr Samuel KayeAmount sold: 1,379,311 @ 145.00p Value: £2,000,001Prezzo (PRZ) Director name: Mr Alan MillarAmount sold: 300,000 @ 145.00p Value: £435,000Mandarin Oriental International (Singapore) (MDO) Director name: Mr Michael HobsonAmount sold: 183,606 @ $1.78 Value: $327,663Travis Perkins (TPK) Director name: Mr John P CarterAmount sold: 16,739 @ 1,773.24p Value: £296,823Prezzo (PRZ) Director name: Mr Kuldip SehmiAmount sold: 200,000 @ 145.00p Value: £290,000Prezzo (PRZ) Director name: Mr Micheal CarltonAmount sold: 145,000 @ 145.00p Value: £210,250Travis Perkins (TPK) Director name: Mr John P CarterAmount sold: 9,496 @ 1,773.24p Value: £168,387Prezzo (PRZ) Director name: Mr Mehdi GashiAmount sold: 91,308 @ 145.00p Value: £132,397Beazley (BEZ) Director name: Mr Martin BrideAmount sold: 37,500 @ 243.75p Value: £91,406NR