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Beazley news
News on Beazley, the London-market headquartered specialty insurance and reinsurance company.
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
37% rise in ransomware attacks reported by Beazley
4th November 2019
Data from specialist insurer Beazley shows a 37% rise in ransomware attacks against the previous quarter, as cyber criminals look to exploit weak security programs of IT vendors. 24% of ransomware incidents reported to Beazley’s in-house breach response team were found to have originated with attack on an IT vendor or ... Read the full article
Beazley appoints Beth Diamond group head of claims
30th October 2019
Specialist insurer Beazley has appointed Beth Diamond to succeed Anthony Hobkinson as group head of claims, following his decision to retire from the role in February 2020. Diamond currently serves as head of third-party complex claims at Beazley, having first joined the firm as a claims team leader in 2006. She will ... Read the full article
Westhoff appointed Beazley’s head of US large commercial property
29th October 2019
Specialist insurer Beazley has announced the appointment of Matthew Westhoff as head of US large commercial property. Based in New York, Westhoff will report to the firm’s global head of commercial property Simon Jackson while managing the US based team and working alongside the property team in London. He brings 16 years ... Read the full article
Beazley appoints Hannah Smith as medical underwriter
29th October 2019
Specialist insurer Beazley has announced the appointment of Hannah Smith to the role of miscellaneous medical underwriter within its US healthcare team. Smith is based in Atlanta and will underwrite a number of miscellaneous medical professional liability risks while also working on Beazley’s virtual care book, which provides cover for technology-enabled ... Read the full article
Beazley takes 30% stake in Hong Kong coverholder Pegasus
23rd October 2019
Specialist insurer Beazley has announced a strategic investment in Pegasus Underwriting Limited, a Hong Kong-based Lloyd’s coverholder. The investment will see Beazley become a 30% shareholder in Pegasus, which it has been working with since January 2019. The collaboration has combined Pegasus’ broking relationships and market knowledge with Beazley’s global expertise in ... Read the full article
Beazley launches cyber risk management services for international policyholders
22nd October 2019
Specialist London-based insurer Beazley has launched a suite of cyber risk management services for international policyholders, designed to help mitigate the risk of a cyber breach occurring. Beazley notes that today, preparing for and preventing cyber breaches are inseparable from insuring a cyber loss, calling on organisations to protect themselves on ... Read the full article
Beazley announces cyber & financial lines policies for Italy
1st October 2019
Specialist insurer Beazley has announced the launch of cyber cover and a suite of financial lines products for its organisations in Italy. The company’s flagship cyber solutions provide insurance cover and risk management services that help clients prepare for and manage data breaches and cyber attacks. Beazley Breach Response (BBR) and Beazley ... Read the full article
Beazley to leverage Guidewire’s Cyence analytics solution
11th September 2019
Specialist insurer Beazley has selected Guidewire Software’s Cyence product to help improve underwriting, capital and pricing efficiencies. Cyence offers a data listening and risk analytics solution that combines curation of external data with machine learning and risk modelling. Beazley will implement Cyence data models to augment its existing data modelling applications for ... Read the full article
Beazley bolsters healthcare team with underwriter Andrew Page
10th September 2019
Specialist insurer Beazley has appointed Andrew Page to its international healthcare team to write a range of international miscellaneous medical risks outside the US. He joins from Beazley’s political, accident & contingency team, where for more than eight years he underwrote political violence risks in both Singapore and London. Page will now ... Read the full article
Beazley announces the launch of Virtual Care
10th September 2019
Specialist insurer Beazley has announced the launch of Virtual Care, a new package of protection which provides comprehensive cover against the risks linked with providing technology-enabled healthcare and lifestyle management services in the UK. Beazley explains that a variety of new technologies underpin the digital health market, from telehealth, which enables ... Read the full article
Beazley appoints Roscoe to lead smart tracker syndicate
9th August 2019
Specialist insurer Beazley has appointed Will Roscoe to lead the company’s ‘smart tracker’ special purpose syndicate 5623 at Lloyd’s. Having joined the company in 2011 as an underwriter within open market property team, Roscoe will now oversee syndicate 5623's growth strategy whilst taking responsibility for underwriting the portfolio and working to ... Read the full article
Beazley adds three underwriters to US cyber & tech team
6th August 2019
Specialist insurer Beazley has announced the continued expansion of its U.S. cyber and technology team with the addition of three new underwriters. Over the past two years, Beazley states that this division has grown by 25% and that expansion looks set to continue with the appointments of the three new underwriters ... Read the full article
Beazley to partner with obstetrics AI firm PeriGen
24th July 2019
Specialist insurer Beazley is partnering with PeriGen, a developer of artificial intelligence-driven systems for obstetrics. The agreement will provide Beazley’s US healthcare clients with an early warning system for labor and delivery. PeriWatch Vigilance works alongside any existing electronic fetal monitor and assess long-term trends in fetal heart rate, contractions, maternal vitals ... Read the full article
Broker consolidation an opportunity for Beazley, says Layton
24th July 2019
Beazley’s global head of broker relations and marketing Lou Ann Layton has spoken of the opportunities inherent to an “undeniable” trend of consolidation currently sweeping the brokerage community. “While some people look at broker consolidation as a threat to the industry, or the underwriting community, Beazley sees it as an opportunity,” ... Read the full article
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