Beat Capital Partners Ltd., a long duration investor specialising in insurance, and industry veteran Paul Shore have announced the launch of a new underwriting vehicle called Tegron Specialty.
Tegron will focus on D&O insurance for publicly traded companies, specialising in excess of loss placements.
As CEO, Shore brings more than 25 years of industry experience to Tegron. During his career he has held a number of senior roles, including Head of Management Liability at Navigators and, most recently, Head of Financial Lines, International at Navigators/The Hartford.
“I am really pleased to announce the establishment of Tegron, the launch of which comes at a time when the D&O market is in much need of fresh capacity,” said Shore.
“I look forward to re-engaging with brokers and clients alike, and in partnership with Beat Capital, creating a market-leading proposition.”
John Cavanagh, Chairman of Beat Capital, also commented: “We are delighted to partner with Paul Shore in the formation of Tegron. With his outstanding underwriting record in this class of business and respected industry reputation, Paul is yet another excellent example of Beat Capital’s target template of entrepreneurial underwriting and market-leading talent.”
From July 1st 2021, Tegron will underwrite via a Lloyds consortium, led and managed by Beat syndicate 4242, and will be an appointed representative of Asta Managing Agency Ltd.