Reinsurance News

Beat Capital launches specialist energy business Horace

4th April 2023 - Author: Matt Sheehan

Beat Capital Partners, a long duration investor specialising in the insurance industry, has announced the launch of Horace Agency Limited, a specialist energy underwriter.

Horace will focus exclusively on onshore and offshore energy insurance worldwide outside the US, with a focus on clients transitioning to a net zero environment, initially writing on behalf of Syndicates 4242/1416 and other participants.

It will be led by Chris Charlton as CEO, who most recently held the position of Chief Underwriting Officer and Head of London at Barents Re, having originally joined the business as Head of Energy in 2013.

Prior to his tenure at Barents Re, Charlton held a number of senior positions including Head of Offshore Energy at Swiss Re and at Hiscox.

“I am excited to partner with Beat to establish this new energy underwriting business,” said Charlton.

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“At a time of unprecedented change for the energy sector, we believe our business partners will benefit from experienced teams who are dedicated to finding solutions for clients. We look forward to building on these relationships in the future.”

John Cavanagh, Chairman of Beat, also commented: “Beat is in the business of supporting entrepreneurs of proven talent and Chris, with an outstanding track record of over 25 years, exemplifies what we look for. The combination of his impressive background, market reputation and expertise make us excited about the prospects for Horace.”

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