Reinsurance News
Beazley news
News on Beazley, the London-market headquartered specialty insurance and reinsurance company.
Fitch upgrades Beazley’s rating, cites strategic importance to Zurich
7th October 2026
After Zurich Insurance Group completed its 100% acquisition of specialist insurer Beazley, Fitch Ratings has upgraded the Insurer Financial Strength (IFS) Rating of Beazley Insurance DAC to 'AA' from 'A+', and also upgraded the Long-Term Issuer Default Ratings (IDRs) of the Dublin subsidiary and Beazley plc to 'AA-' from 'A'. On ... Read the full article
Kristof Terryn to lead ‘world’s largest’ specialty insurance business as Beazley joins Zurich
2nd October 2026
Kristof Terryn has been appointed CEO of Beazley and Zurich Global Specialty, subject to regulatory approval, following Zurich’s £8.1bn acquisition of Beazley, creating what it describes as the world’s largest specialty insurance business. The combined business will be headquartered in London, with Terryn taking over as Adrian Cox departs Beazley ... Read the full article
Zurich completes £8.1bn Beazley takeover ahead of LSE delisting
1st October 2026
Zurich has completed its £8.1bn takeover of Beazley, with the London-headquartered specialist insurer now set to delist from the London Stock Exchange following the implementation of the court-sanctioned scheme of arrangement. The scheme became effective today, 1 October 2026, after Beazley and Zurich delivered a copy of the court order ... Read the full article
Beazley builds out cyber offering as AI risks grow
24th September 2026
London-headquartered specialist insurer Beazley has unveiled new cyber cover to support businesses in managing the risks arising from their own use of AI. The announcement follows Beazley's recent confirmation of its affirmative AI cyber cover, which, according to the firm, delivers "certainty and clarity" for clients by expressly addressing AI-related ... Read the full article
Beazley adds affirmative AI cover in cyber and tech E&O policies
17th September 2026
Specialty insurer Beazley is now including affirmative artificial intelligence (AI) cover in its cyber and tech Errors and Omissions (E&O) policies. Affirmative AI cover indicates that an insurance policy states explicitly in its wording that claims related to AI are included under coverage. The insurer's affirmative AI wording ... Read the full article
Zurich’s £8.1bn Beazley acquisition to complete October 1 following regulatory clearance
14th September 2026
Zurich Insurance and Beazley have confirmed that Zurich's recommended all-cash acquisition of the London-headquartered specialist insurer is on track to take effect on 1 October 2026, after all required regulatory approvals were secured. In a joint update issued today, the two firms confirmed that every regulatory approval required for the transaction ... Read the full article
AI making security ‘noisier’ as vulnerability disclosures surge 36%: Beazley Security
18th August 2026
According to Beazley Security’s Q2 2026 Quarterly Threat Report, the widespread adoption of agentic AI for vulnerability research drove a 36% quarter-over-quarter increase in newly disclosed vulnerabilities, while the methods attackers used to breach organisations remained largely unchanged. “The headline this quarter is that AI made the security industry's job noisier ... Read the full article
Beazley maintains underwriting discipline in H1’26 amid softer market conditions and active loss environment
5th August 2026
Beazley has reported H1 2026 profit before tax of $237.7m, down 53% from $502.5m in the same period of 2025, as the specialty insurer navigated rapidly softening market conditions and a return to a more active large-loss environment. The firm said disciplined underwriting and proactive portfolio management helped it maintain resilience ... Read the full article
Beazley appoints Paul Ramiz as Parametric Underwriter
17th July 2026
Beazley, a large specialist insurer, has announced the appointment of Paul Ramiz as Parametric Underwriter. In his new role, Ramiz will support the global development of Beazley’s parametric insurance offerings and help deliver alternative risk transfer solutions for clients. He brings extensive experience in alternative risk transfer solutions and will help further ... Read the full article
European Commission approves Zurich’s acquisition of Beazley
9th July 2026
Under the EU Merger Regulation, the European Commission has approved the acquisition of sole control of London-headquartered specialist insurer Beazley by global insurer Zurich Insurance Group Ltd. The Commission concluded that the notified transaction would not raise competition concerns, given the companies' limited market positions. The notified transaction was examined under ... Read the full article
Economic uncertainty stalling US energy transition investment: Beazley
29th June 2026
73% of US executives say economic uncertainty is hindering investment in the energy transition, according to Beazley’s latest Spotlight on Energy Transformation 2026 finds. This comes as escalating tensions in the Strait of Hormuz are heightening energy security fears, while the rapid growth of energy-intensive technologies underscores the pressing need for ... Read the full article
Beazley appoints Wunderlich as Head of Alternative Risk Transfer, Bermuda
1st June 2026
Beazley, a large specialist insurer, has expanded Stefan Wunderlich's responsibilities and appointed him as Head of Alternative Risk Transfer (ART) alongside his existing role of Head of Parametric. For the new role, Wunderlich will be relocating to Bermuda, subject to immigration approval. The move strengthens the insurer's commitment to Bermuda, building on ... Read the full article
Beazley Security report highlights sharp increase in exploited vulnerabilities and AI-driven cyber attacks in Q1
13th May 2026
Beazley Security, the cyber security services arm of specialist insurer Beazley, has released its Quarterly Threat Report for Q1 2026, detailing a significant rise in exploited vulnerabilities as cyber criminals increasingly use AI-powered methods to accelerate attacks and target software supply chains. The report found that exploited vulnerabilities increased by 43% ... Read the full article
Beazley finds growing gap between business confidence and cyber resilience as risks intensify
28th April 2026
Specialist insurer Beazley's Risk & Resilience: Cyber Threat and Tech Advances 2026 report, based on insights from 3,500 business leaders worldwide, identifies a clear disconnect between how organisations perceive their ability to withstand cyber incidents and the scale of the risks they face. Beazley finds that cyber risk remains the most ... Read the full article
Beazley adds Sundeep Khera as Head of Marine
27th April 2026
Beazley, a large specialist insurer, has appointed Sundeep Khera as Head of Marine, effective April 21st, 2026, reporting to Tim Turner, Group Head of Marine, Accident & Political (MAP) Risks. In his new role as part of the MAP Risks team, Khera will lead the Marine, Energy, Aviation, and Space teams. He ... Read the full article
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