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Reinsurance News


Beazley sees opportunity in new forms of climate change cover, says CEO

12th February 2020

Andrew Horton, Chief Executive Officer (CEO) of specialist re/insurer Beazley, has said that he is confident that the market can adapt the potential impacts of climate change, and sees the climate challenge as an opportunity to explore new forms of coverage. As part of the release of Beazley’s 2020 results, ... Read the full article

Beazley profits jump off investments, rates rise 6%

6th February 2020

Specialist insurer Beazley has posted a pre-tax profit for 2019 of $267.7 million, up from $76.4 million in 2018, and reported a 6% rate increase. Beazley’s pre-tax profit jump was bolstered by a strong investment return of $263.7 million, up from $41.1 million in 2018. The firm’s combined ratio of 100% - ... Read the full article

Beazley adds Tokio Marine healthcare underwriter to LA office

27th January 2020

Specialist insurer Beazley has announced the appointment of Justin Sanches as an underwriter within the firm’s US healthcare liability team. Joining Beazley’s Los Angeles office, Sanches will underwrite a range of global miscellaneous medical and life sciences risks for middle market and large US-domiciled healthcare providers. He joins from Tokio Marine HCC ... Read the full article

Beazley partners with HewardMills, expands cyber risk services

22nd January 2020

Specialist insurer Beazley is partnering with Data Protection Officer (DPO) HewardMills, as it expands the cyber risk management services provided to policyholders. Beazley’s new suite of services includes pre-breach and risk management services selected and managed by a dedicated in-house Beazley Breach Response (BBR) Services team. “Working closely with the Beazley team ... Read the full article

AXA-backed insurtech Sayata Labs adds King Flynn from Beazley

17th January 2020

Sayata Labs, an insurtech start-up focused on cyber risk assessment for insurers and SMBs, has appointed King Flynn as head of insurance. Flynn joins the Sayata executive team and will report to Chief Executive Officer, Asaf Lifshitz. As head of insurance, he will lead the company's growth and distribution strategy to deliver ... Read the full article

Beazley & RenRe collaborate on capital markets-backed cyber reinsurance

9th January 2020

Specialist insurer Beazley has secured additional catastrophe cover for cyber events through the launch of a new reinsurance product in collaboration with Bermuda-based reinsurer, RenaissanceRe (RenRe), and which is backed by the capital markets. An announcement on the deal reveals that the vast majority of the security behind the deal will ... Read the full article

Beazley to serve as carrier partner on new SterlingRisk A&E program

17th December 2019

Specialist insurer Beazley has announced that it will serve as carrier partner for the new Architects and Engineers (A&E) professional liability insurance program from US broker SterlingRisk. The new program comes after SterlingRisk acquired renewal rights from Affinity Insurance Services for accounts in the Aon A&E Advantage professional lability insurance program. “The ... Read the full article

Beazley adds senior specialty lines underwriter from Markel

16th December 2019

Specialist insurer Beazley has bolstered its underwriting capabilities for specialty lines in Spain with the appointment of Gabriel Rodríguez as a senior specialty lines underwriter. Rodríguez joins a team led by Francisco Antonio Alcaide and will support the rollout of Beazley's e-trading platform, myBeazley. He joins from Markel, having served as ... Read the full article

CNA Hardy’s Peters-Venzano to join Beazley as Chief Marketing Officer

10th December 2019

Beazley, the London headquartered specialist insurer, has named Georgina Peters-Venzano as Chief Marketing Officer, effective March 2020. Based in London, Peters-Venzano will lead the firm's global marketing and communications strategy and lead a team based in the UK and US. In her new role, she will report to Lou Ann Layton, ... Read the full article

Beazley to offer BioSecure life sciences policy for small businesses

6th December 2019

Specialist insurer Beazley has announced the launch of a new life sciences policy designed for small businesses, called BioSecure. The proposition offers insurance protection against a range of exposures in the pharma, biotech and medical device sectors. Beazley believes the product will build on its experience in underwriting life sciences risks and ... Read the full article

Beazley appoints Rozina Karimali as exec risk underwriter

3rd December 2019

Specialist insurer Beazley has named Rozina Karimali as executive risk underwriter within the company’s cyber & executive risk division. Based in San Francisco, Karimali will underwrite public directors & officers and large private D&O risks as well as employment practices liability. She joins from Allied World having most recently served as an ... Read the full article

Medical malpractice costs up significantly: Beazley, Aon

28th November 2019

Analysis by specialist insurer Beazley shows that the average cost of a medical malpractice claim in the U.S. has risen by 50% over the last decade, with a steep increase in the number of claims of above $5 million since 2015. Beazley, a specialist insurer that operates in the U.S. hospital ... Read the full article

Beazley adds Jade Cummings to M&A underwriting team in Singapore

22nd November 2019

Specialist insurer Beazley has announced the appointment of Jade Cummings as an underwriter in its global mergers and acquisitions (M&A) team, based in Singapore. The global M&A team underwrites companies engaged in M&A activity, including acquisitive corporations, private equity funds, corporate spinoffs, asset sales or purchases, and refinancing transactions. Cummings joins Beazley ... Read the full article

Beazley reports solid organic growth, rate rises across majority of lines

8th November 2019

Specialist insurer Beazley has announced premium growth of 12% to $2.2 billion for the first nine months of the year, while overall, the firm has reported rate increases of 6%. Beazley has announced gross premiums written (GPW) growth for the nine month period in all lines excluding property, which, fell by ... Read the full article

Beazley adds Kirsten Shastri to international healthcare team

4th November 2019

Specialist insurer Beazley has added Kirsten Shastri to its international healthcare team in London. Shastri, who joins from CNA Hardy with eight years of London market experience, will be focusing on UK & International life sciences business. She will also underwrite Beazley’s recently launched UK Virtual Care policy, which offers protection against ... Read the full article

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