Beazley says has no plans to change guidance after mass IT outage
LONDON, July 23 (Reuters) -Insurer Beazley BEZG.L said on Tuesday it had no plans to alter its guidance in the wake of Friday's global IT glitch, which crashed an estimated 8.5 million Windows-operated devices, crippling transport systems and impacting financial markets.
"Given the unprecedented nature of this event and Beazley's position as a leading cyber insurer, the company has elected to provide an update on its position in relation to the outage."
"Based on what is known at this point, the event will not change the current undiscounted combined ratio guidance of low-80s for the full year," Beazley said in a statement.
The company said it will update the market on its first half performance on August 8 and will provide any further relevant updates in relation to this event at that time.
Reporting By Sinead Cruise; Editing by Amanda Cooper
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