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Beazley to reinsure Trident’s surety offering

11th June 2019

Trident Insurance Group, Inc. has announced the signing of a reinsurance treaty with specialist insurer Beazley, which Trident says enables it to improve its competitive advantage in the expanding standard and specialty surety insurance sector. This new, strategic partnership enables Trident, a Maryland domiciled specialist surety insurer, to expand its current ... Read the full article

Beazley adds cyber cover to media, tech industry insurance policy

29th May 2019

Specialist insurer Beazley has incorporated cyber coverage into its MediaTech insurance policy as it looks to protect businesses against new and evolving forms of risk. The Beazley MediaTech policy has been streamlined to provide clear and concise wording and seamless protection, says Beazley, combining errors and omissions (E&O) and media liability ... Read the full article

Reports of ransomware attacks surged 105% in Q1: Beazley

28th May 2019

Ransomware attacks surged 105% in the first three months of 2019 when compared against the same period in 2018, with attackers shifting their focus to larger organisations able to pay high ransom amounts, according to a report by Beazley. While ransomware-as-a-service (RaaS) attacks remain commonplace and tend to hit unsuspecting small ... Read the full article

Beazley adds Cal Spessard to lead environmental liability claims team

21st May 2019

Specialist insurer Beazley has appointed Cal Spessard to lead a team responsible for handling claims arising from the company’s environmental liability business. Spessard, who will be based in New York, joins from environmental risk management specialists WCD Group, where he served as Director of claims and litigation services. Prior to joining WCD ... Read the full article

Beazley develops affirmative cyber cover for marine risks

15th May 2019

Specialist insurer Beazley has developed a new affirmative cyber insurance product for the marine space, designed to protect vessel owners and operators. The product, called Beazley Cyber Defence for Marine, will provide insurance for physical damage and loss of hire in the event that a cyber incident impacts a vessel’s operational ... Read the full article

Beazley posts robust premium growth for Q1 2019

9th May 2019

Specialist insurer Beazley experienced higher than normal levels of claims within its marine, property, and reinsurance businesses during the first-quarter of 2019, while premium growth continued. Despite the pressures of increased levels of claims, the insurer did report 16% growth in gross written premiums (GWP) for the first-quarter of the year, ... Read the full article

Beazley names Richard Montminy Global Head of Property

8th May 2019

Specialist insurer Beazley has announced the appointment of Richard Montminy as Global Head of Property, effective May 20th, 2019. He brings more than 30 years of experience in both broking and senior underwriting within the commercial property space. Montminy joins Beazley from Zurich North America, where he was most recently Head of ... Read the full article

Beazley partnership to offer reputation risk solutions for US clients

29th April 2019

Specialty Lloyd’s re/insurer Beazley has announced a partnership with Tokio Marine Kiln and RenaissanceRe that aims to provide unique and flexible solutions for reputation risk. Custodian Consortium is designed to protect clients throughout the lifespan of a crisis by providing crisis management expertise and substantial loss-of-profits cover, to protect companies after ... Read the full article

Number of compromised business emails rise 133%: Beazley cyber report

15th April 2019

Business email compromises (BEC) made up 24% of the total number of cyber related incidents reported to Beazley Breach Response (BBR) Services in 2018, up from 13% in 2017, according to a report by the specialist re/insurer. BEC are social engineering attacks in which a cybercriminal uses compromised email credentials or ... Read the full article

Beazley appoints Hodson, Reizenstein as Non-Exec Directors

10th April 2019

Specialty re/insurer Beazley has announced the arrival of Nicola Hodson and John Reizenstein as Non-Executive Directors, effective April 10. Hodson, who is the current Vice President of Field Transformation for Microsoft Global Sales and Marketing, has also been appointed to the audit and risk committee. She was previously Chief Operating Officer ... Read the full article

Beazley adds two new products to e-trading platform

4th April 2019

Specialty re/insurer Beazley has added two of its product lines to the broker e-trading platform myBeazley to meet the needs of UK domiciled private business with a turnover of up to £350 million. UK brokers can now access Beazley’s comprehensive service-led cyber product, Beazley Breach Response (BBR), as well as management ... Read the full article

Beazley expands environmental liability coverage

8th March 2019

Specialty re/insurer Beazley has expanded the coverage provided by its environmental liability insurance policy, ECLIPSE, to offer new risk transfer solutions for businesses, landowners, and real estate investors. ECLIPSE provides environmental liability and pollution clean-up insurance, alongside risk management services that help control pollution risks associated with transactional and operational hazards, ... Read the full article

Beazley, Marsh launch cyber & breach solution for US manufacturers

27th February 2019

Specialist insurer Beazley and global broker Marsh have collaborated on the launch of a new tailored cyber insurance and breach response solution for U.S. manufacturers. Together, Beazley and Marsh have created Manufacturer's First Response, a Marsh and Beazley Breach Response (BBR) initiative that provides the following coverages tailored specifically to address ... Read the full article

Beazley discounts $10mn in premiums for U.S hospitals

19th February 2019

Specialty re/insurer Beazley has now discounted more than $10 million in healthcare insurance premiums to hospital clients in the U.S through its Quality Indicator Return Premium (QuIRP) facility. The facility is designed to support improvements to patient quality and safety standards by allowing hospitals and health systems to earn a discount ... Read the full article

Beazley to offer environmental liability policy for banks & lenders

12th February 2019

Specialist re/insurer Beazley has launched a new environmental liability policy that protects banks and other lenders from pollution risks that could affect the value of property used as collateral for commercial loans. In the event of a loan default due to environmental contamination, the site lender environmental asset protection (SLEAP) policy ... Read the full article

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