Reinsurance News

Beazley rolls Product Recall insurance out to Canadian market

17th November 2021 - Author: Matt Sheehan

Specialist insurer Beazley has expanded its portfolio in Canada with the launch of its Product Recall product offering to the national market.

Beazley, insurance reinsuranceThe new range includes coverage for three different product offerings and will be available throughout Canada.

Underwriter Evan Pollock joined Beazley as Lead Product Recall Underwriter last month, bringing experience in Product Recall to further enhance the proposition.

“Our Product Recall team has been diligently working over the last several months on creating an innovative Product Recall insurance solution that provides what clients need to help protect their businesses and customers,” said Pollock.

“Our solution includes three different product offerings: consumable products, consumer goods and component parts. We are excited to add this offering to our existing suite of products here in Canada, and are looking forward to using our experienced and innovative underwriting capabilities to help provide our insureds with the comprehensive coverage needed for their industry.”

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Florian Beerli, Head of the Specialty Risks & US Programs team at Beazley, also commented: “When a recall incident occurs, our comprehensive coverage reimburses our clients for the costs that they incur to get their product out of the stream of commerce and replace it.”

“This is a real lifeline to companies who would otherwise suffer huge financial loss, not to mention brand erosion. We are very proud to be rolling this out to clients in Canada from today.”

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