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