Reinsurance News

Beazley launches financial lines product sets for Asian market

7th November 2017 - Author: Luke Gallin

Specialist London-based insurer and reinsurer, Beazley, has launched both financial institutions and management liability solutions for the Asian marketplace.

Beazley logoThe financial institutions suite of products offers a seamless set of policies, including directors and officers (D&O) liability, professional indemnity protection for crime, and also tailored protection for investment management firms and private equity companies.

The second suite of solutions offers comprehensive management liability cover to a wide range of commercial organisations, and includes D&O liability, public offering of securities (POSI), employment practices liability, and also pension trustee cover.

Furthermore, data breach costs are included as standard in the management liability range for commercial companies, explains Beazley.

Head of International speciality lines, Beazley, Gerard Bloom, said; “Asia is a major focus for Beazley as we grow our specialty lines business outside the United States. We have built an exceptionally talented team in Singapore with an excellent understanding of the local market.”

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International financial lines regional manager for Asia, Nicholas Tey, added; “Recent years have seen significant new company law across the region, and regulatory requirements and anti-bribery laws show no sign of diminishing. Meanwhile the threat of data breaches continue to grow. We have designed our financial lines cover to give organisations and their executives confidence that they are protected from the range of related risks faced in the modern world.”

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