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Reinsurance News


Lucien Mounier to head Beazley’s Asia Pacific operations

11th April 2018

Beazley has announced the appointment of Lucien Mounier as Head of its Asia Pacific operations, a region the specialist insurer has identified significant growth opportunities for its products. The appointment sees Mounier move from Paris to be based in the firm's Asia Pacific hub in Singapore, and he will have responsibility for ... Read the full article

Beazley expands European presence with new Head of Broker Relations

10th April 2018

Specialist re/insurer Beazley has supported its growth ambitions in Continental Europe with the appointment of Andreas Bergler to the newly created position of Head of Broker Relations for the region. Bergler will now be responsible for developing Beazley’s pan-European broker relationship network and managing its distribution strategy. He will report to Will ... Read the full article

Beazley embeds workplace violence cover for U.S. insurer clients

4th April 2018

Beazley has embedded workplace violence cover for its U.S. insurer clients in response to growing awareness of the extent of workplace violence and harassment as campaigns like #Metoo and #Timesup become centre stage. Over two million Americans experience workplace violence each year, with potentially devastating consequences for organizations and individuals, however, ... Read the full article

Beazley’s Chief Underwriting Officer Neil Maidment to retire

22nd March 2018

Beazley has announced that Chief Underwriting Officer (CUO) Neil Maidment will be retiring at the end of this year and is due to be succeeded by Adrian Cox, who has been running Beazley specialty lines, since 2008. Maidment has been with the company since 1990 and has served as CUO ... Read the full article

Cyber incidents evolving and becoming more sophisticated: Beazley

20th February 2018

Specialist insurer Beazley has released its 2018 Breach Briefing, which explores the evolving cyber risk landscape and highlights a number of growing threats to businesses around the world, further supporting the need for affordable and effective cyber risk insurance and reinsurance solutions. Over the past year Beazley helped clients manage 2,615 ... Read the full article

Beazley adds cyber breach advisory services to breach response cover

25th January 2018

Beazley has added post-breach consultation and remediation services to its Beazley Breach Response (BBR) cover for small and mid-sized policyholders in the U.S., in conjunction with its specialist advisory subsidiary Lodestone Security. The expanded cover provides up to 100 hours post-breach consultation services to help policyholders who have suffered unauthorized access or ... Read the full article

Beazley hopes for 2017 profit despite catastrophes

17th January 2018

Specialist and Lloyd’s focused re/insurer Beazley plc has said that it expects to record a pre-tax profit for the full-year 2017, in a trading update, despite the impacts of major catastrophe loss events. Beazley had previously reported that there was a chance that it would record an underwriting loss for ... Read the full article

Beazley appoints underwriter within new U.S. marine platform

5th January 2018

Beazley has announced the appointment of John Moy has U.S. marine underwriter within its recently launched U.S. marine platform, reporting to Head of U.S. marine at Beazley, Steve Vivian. In his new role Moy will be responsible for underwriting and building the firm's U.S. hull, protection and indemnity (P&I) and ... Read the full article

Beazley announces launch of U.S. marine insurance platform

1st December 2017

Specialist insurer Beazley has expanded into the U.S. marine sector with a new platform that offers hull, protection indemnity (P&I) and liability cover for the marine and marine construction sectors. These products will be offered on both an admitted and non-admitted basis and have been designed to complement large-scale risk coverage ... Read the full article

Beazley says wildfires take Q3 loss estimate up to $300m max

9th November 2017

Specialist and Lloyd’s focused re/insurer Beazley plc has added $25 million to the top-end of its estimated range of third-quarter natural catastrophe losses, which it now expects to be between $200 million and $300 million. The increased estimate adds in the California wildfire losses to an already estimated $175 million ... Read the full article

Beazley launches financial lines product sets for Asian market

7th November 2017

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

Social engineering attacks on the rise but hacking & malware still dominate: Beazley

2nd November 2017

Social engineering attacks are on the rise across numerous industries as cyber attackers increasingly look to deceive in order to scam, according to London re/insurer Beazley's Q3 2017 Breach Insights report. The most prevalent cause of data breach during the first nine months of 2017 remains hacking and malware, which amounted ... Read the full article

Beazley adds David Roberts to Board as non-exec director

25th October 2017

London-based insurer and reinsurer, Beazley plc, has appointed David Roberts to its Board as a non-executive Director, and future non-executive Chairman of the Board. Roberts has been Chairman of Nationwide Building Society since July 2015, and will join the Beazley Board as a non-executive Director from November 1st, 2017. Furthermore, from March, ... Read the full article

Demand for BI & supply chain cyber coverage up, says Munich Re & Beazley

17th October 2017

Demand for holistic cyber cover for business interruption (BI) and supply chain risks has surged, report Beazley and Munich Re after having joined forces to offer complex cyber risk cover through their Vector partnership. "Since we established Vector, we’ve seen a significant shift in the pattern of demand for cyber cover," ... Read the full article

Beazley Dublin-based branch underwrites first policies

10th October 2017

Beazley has underwritten its first policies through its Dublin-based insurer, which was authorised by the Central Bank of Ireland in July, and established to offer contingency to the European markets in response to Brexit. Some of the policies written by Beazley Insurance are for European banks, which Beazley says are ... Read the full article

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