Reinsurance News
Beazley news
News on Beazley, the London-market headquartered specialty insurance and reinsurance company.
Beazley adds two new products to e-trading platform
4th April 2019
Specialty re/insurer Beazley has added two of its product lines to the broker e-trading platform myBeazley to meet the needs of UK domiciled private business with a turnover of up to £350 million. UK brokers can now access Beazley’s comprehensive service-led cyber product, Beazley Breach Response (BBR), as well as management ... Read the full article
Beazley expands environmental liability coverage
8th March 2019
Specialty re/insurer Beazley has expanded the coverage provided by its environmental liability insurance policy, ECLIPSE, to offer new risk transfer solutions for businesses, landowners, and real estate investors. ECLIPSE provides environmental liability and pollution clean-up insurance, alongside risk management services that help control pollution risks associated with transactional and operational hazards, ... Read the full article
Beazley, Marsh launch cyber & breach solution for US manufacturers
27th February 2019
Specialist insurer Beazley and global broker Marsh have collaborated on the launch of a new tailored cyber insurance and breach response solution for U.S. manufacturers. Together, Beazley and Marsh have created Manufacturer's First Response, a Marsh and Beazley Breach Response (BBR) initiative that provides the following coverages tailored specifically to address ... Read the full article
Beazley discounts $10mn in premiums for U.S hospitals
19th February 2019
Specialty re/insurer Beazley has now discounted more than $10 million in healthcare insurance premiums to hospital clients in the U.S through its Quality Indicator Return Premium (QuIRP) facility. The facility is designed to support improvements to patient quality and safety standards by allowing hospitals and health systems to earn a discount ... Read the full article
Beazley to offer environmental liability policy for banks & lenders
12th February 2019
Specialist re/insurer Beazley has launched a new environmental liability policy that protects banks and other lenders from pollution risks that could affect the value of property used as collateral for commercial loans. In the event of a loan default due to environmental contamination, the site lender environmental asset protection (SLEAP) policy ... Read the full article
Ascot & Beazley launch tech-driven cargo consortium at Lloyd’s
12th February 2019
Ascot and Beazley have partnered on the launch of a new Lloyd’s based cargo consortium that uses insurtech solutions to help manage risk and claims performance. The A2B consortium, which aims to cement Lloyd’s position in the global cargo market, brings together a range of carriers to provide a maximum of ... Read the full article
Beazley CEO identifies growth opportunities for 2019
11th February 2019
Andrew Horton, Chief Executive Officer (CEO) of specialist re/insurer Beazley, has outlined the potential growth opportunities the company considers to be most promising going into 2019. Commenting on Beazley’s 2018 results, which saw profits fall by 55% due to heavy catastrophe losses and low investment yields, the CEO highlighted the ... Read the full article
Beazley profits fall by 55% as cat losses & investment yields bite
7th February 2019
Specialist re/insurer Beazley saw its profits fall by 55% in 2018 following a second consecutive year of heavy catastrophe losses and low investment income. The company’s profit before tax was $76.4 million in 2018, down from $168 million in the prior year, having been impacted by $110 million of natural catastrophe ... Read the full article
Beazley combines Cyber & Executive Risk divisions
5th February 2019
Beazley has announced the launch of a new division that is to be led by Mike Donovan, called Cyber & Executive Risk, launched to focus on some of the most challenging risks that businesses face around the world. The new unit combines the specialist insurer's cyber insurance capabilities and its experience ... Read the full article
Beazley to appoint Sally Lake as Finance Director
17th January 2019
Specialist re/insurer Beazley has announced that Sally Lake is to be appointed as Group Finance Director, effective once Martin Bride steps down from the position in May 2019. Lake has been Group Actuary at Beazley since 2014, with responsibility for the pricing and reserving practices of the group. She joined the company ... Read the full article
Beazley adds financial lines underwriters to Barcelona team
11th January 2019
Specialist re/insurer Beazley has appointed Francisco Alcaide and Alexander van Nierop as financial lines underwriters at the company’s hub for continental Europe in Barcelona. Alcaide joins Beazley from Hiscox, where he has spent the previous eight years as a senior underwriter in the insurer’s professional risks team in Spain, with responsibility ... Read the full article
Beazley targets Hong Kong expansion via Pegasus Underwriting partnership
10th January 2019
Specialist re/insurer Beazley has announced that it plans to expand its insurance offering in Asian markets through a new financial lines capacity arrangement with Hong Kong-based coverholder Pegasus Underwriting Limited (PUL). Beazley hopes to combine its expertise in underwriting specialist risks with PUL’s strong broking relationships and knowledge of the regional ... Read the full article
Beazley appoints Harry Goh, Jessica Schappell to Singapore office
14th December 2018
Specialist re/insurer Beazley has announced the appointments of Harry Goh and Jessica Schappell to its Singapore office, effective January 2019. Goh brings over 20 years' experience in underwriting professional indemnity and medical malpractice risks in Singapore and joins as an Underwriter of international financial lines. He will be responsible for underwriting a ... Read the full article
Beazley names Christine LaSala as Senior Independent Director
7th December 2018
Specialist re/insurer Beazley has announced the appointment of Christine LaSala as Senior Independent Director, effective from the company’s Annual General Meeting (AGM) on 21 March 2019. LaSala replaces George Blunden, who will step down from the board at the conclusion of AGM. Blunden retired as Senior Vice President and Director from AllianceBernstein ... Read the full article
Beazley expects $40m wildfire hit, net of reinsurance
6th December 2018
Beazley, the specialist re/insurer with a focus on Lloyd's, has announced an estimate of its potential losses from the recent California wildfires, putting them at $40 million, after accounting for reinsurance. The wildfires are set to hit specialty underwriters like Beazley hard, given they could have exposure across a number of ... Read the full article
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