Specialist insurer Beazley has appointed Rachel Turk to the newly created position of Group Head of Strategy, a role which sees her join the firm’s executive committee with immediate effect.
Turk joined the company back in 2009 as a D&O underwriter in Specialty Lines, later becoming Focus Group Leader in 2015, and then Head of Corporate Development in 2019.
Earlier in her career, she held equity and finance analyst roles, and currently sits on the Board of the Lloyd’s Market Association.
Adrian Cox, Beazley Chief Executive Officer (CEO), commented: “This is a very well deserved promotion. Since 2019, Rachel has been working with the executive helping us to develop and refine our corporate strategy, as well as developing plans to ensure that we deliver on our corporate objectives.
“Over the past couple of years Rachel has driven a number of key development activities, including identifying growth opportunities in existing markets via mergers and acquisitions. She has also been instrumental in the creation and success of our incubation underwriting team, which is at the forefront of exploring new products and services.
“Rachel’s promotion recognises the huge contribution that she has made to the group, and puts her at the heart of defining our future strategy and direction.”
Commenting on her new role, Turk said: “Core to our strategy is to do the right thing for our clients, the markets we serve and the business as a whole. Which is why harnessing our depth of experience, knowledge and insight to create risk services and solutions that make a real difference to our clients is key to our future success.
“This is a particularly exciting time for Beazley, and I am delighted that I will be helping to drive the strategic direction at this time of change and opportunity.”