Reinsurance News

Beazley news

News on Beazley, the London-market headquartered specialty insurance and reinsurance company.

Beazley splits specialty lines into two divisions led by Eaton and Donovan

4th June 2018

Specialist and Lloyd’s focused re/insurer Beazley plc has completed a split of its specialty underwriting unit into two separate divisions, which places the cyber risk practice at the firm outside of specialty risks and into a new unit aligned on technology, media, business and management liabilities. Beazley has been reorganising its ... Read the full article

Beazley hires Sam Franks as Regional Business Development Manager

24th May 2018

Specialist insurer Beazley has announced the appointment of Sam Franks as Regional Business Development Manager. Franks is set to arrive at the firm on September 1 2018 and will be expected to lead Beazley’s U.K. business development initiative from its Birmingham office. He joins from Hiscox Birmingham, having served as Regional ... Read the full article

Beazley’s Q1 gross premiums grow 10% amid strong rate increases

11th May 2018

Beazley has reported that its gross premiums written increased by 10% to $631 million at the end of first-quarter 2018, as premium rates increased by 3% on its renewal business. The specialist insurer's reinsurance division saw a particularly strong underwriting performance, with rates increasing 7% across the portfolio and premiums also ... Read the full article

Beazley to offer new event cancellation product for charities

10th May 2018

Specialist insurer and reinsurer Beazley has developed a new event cancellation insurance product for registered charities to protect them against costs and loss of revenue related to the events they stage. The coverage has been tailored to charities by recognising income derived from donations made at events, which contribute significantly to ... Read the full article

Beazley and Weather Decision collaborate to automate claims payment

2nd May 2018

Beazley, a specialist re/insurer and provider of weather-related coverage for event organisers, has partnered with Weather Decision Technologies (WDT) to automate the payment of claims under its Beazley Weather Guard policy. The collaboration will allow Beazley to offer a digitised, personalisable policy that automatically pays policyholders based on the occurrence of ... Read the full article

Beazley partners with Risk Cooperative and Bitfury on blockchain registry

2nd May 2018

Beazley has partnered with Lloyd’s coverholder Risk Cooperative and blockchain technology company Bitfury to develop a blockchain-based risk registry for crisis re/insurance and risk management. The blockchain based-system aims to provide a single source of accurate, real-time information on a policy so that re/insurers and service providers can react more quickly ... Read the full article

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