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Beazley news
News on Beazley, the London-market headquartered specialty insurance and reinsurance company.
Merino to lead Beazley’s Renewable Energy team in Spain & Portugal
19th March 2025
Specialty insurer Beazley has appointed Teresa Merino as Renewable Energy Regional Manager for Spain & Portugal, with immediate effect. This strategic move comes as Spain and Portugal pursue ambitious renewable energy targets, driving a growing need for specialised risk management and insurance solutions to support the development of an effective renewable ... Read the full article
Lindsay Shipper to lead Beazley’s North American Commercial Property team
14th March 2025
Specialty insurer Beazley has announced the appointment of Lindsay Shipper as Head of Commercial Property, North America, effective April 1, 2025. Shipper, who has nearly two decades of property market experience and extensive broker insight, is joining Beazley after 16 years at Marsh, where she held several senior positions, most recently ... Read the full article
Well-priced reinsurance market keeps insurers honest: Beazley CEO
4th March 2025
As specialist insurer Beazley works through its April 1st reinsurance renewal, Chief Executive Officer (CEO) Adrian Cox has said that availability of coverage isn't the issue, it's really about what the rate is, reiterating that a well-priced reinsurance market is good for the company. This morning, Beazley posted a strong ... Read the full article
Beazley posts record profit for 2024 with CoR of 74.8%
4th March 2025
Specialist insurer Beazley has reported record profit before tax of $1.423 billion for full year 2024, up 13% on the prior year's $1.254 billion, as insurance written premiums rose 10% year-on-year to $6.164 million on the back of growth in the majority of divisions. Group-wide, Beazley generated an insurance service result ... Read the full article
Beazley appoints Sara Foucher as Head of Commercial Property, Europe
26th February 2025
Specialty insurer Beazley has entered the European property market with the appointment of Sara Foucher as Head of Commercial Property, Europe, effective immediately. In her new role, Foucher will lead the expansion of Beazley's property team and offerings in the region. She will also develop specialty solutions to address the growing ... Read the full article
Sebastian Lotz joins Beazley as Aviation Underwriter, DACH
28th January 2025
Specialty insurer Beazley has announced the appointment of Sebastian Lotz to the newly-created role of Aviation Underwriter, DACH, with immediate effect. Based in Munich, Lotz will spearhead the development of Beazley's aviation offerings in Germany, Switzerland, and Austria (DACH region), reporting to Dirk Froese, Head of Aviation. Lotz brings a wealth of ... Read the full article
Alessandro Lezzi named Beazley’s Group Head of Cyber Risks
16th December 2024
Specialty insurer Beazley has appointed Alessandro Lezzi as Group Head of Cyber Risks, reporting to Paul Bantick, Group Chief Underwriting Officer, Beazley. Lezzi has reportedly worked in the re/insurance industry for over twenty years, both as an underwriter and broker. He joined Beazley in 2011 and has served as the firm's Head ... Read the full article
Businesses must ensure they take a considered approach when they implement AI: Beazley’s Cox
9th December 2024
Despite the excitement surrounding artificial intelligence's (AI) potential, businesses should take stock and ensure that they are taking a considered approach as they implement the technology into their systems, says Adrian Cox, Chief Executive Officer (CEO) of Beazley, the specialist insurer. "AI and how it can transform business has dominated conversation ... Read the full article
Beazley reports strong growth in property as group-wide premiums rise 7% in 9M’24
6th November 2024
Specialist insurer Beazley has reported a 7% rise in net insurance written premiums to $3.8 billion for the nine months ended September 30th, 2024, and has maintained its combined ratio guidance for the year at around 80% despite expected losses of up to $175 million from hurricanes Helene and Milton. As ... Read the full article
Beazley report highlights employee risk as global executive’s biggest threat
25th October 2024
In a time characterised by hybrid work arrangements, evolving workplace cultures, and heightened attention to misconduct, a significant portion of global executives, approximately 23%, identify employer risk as the most prominent threat they face during the current year, a recent Beazley report has revealed. This represents an increase compared to 18% ... Read the full article
Beazley launches new combined coverage consortium for financial institutions
21st October 2024
Specialty insurer Beazley has launched a new combined consortium, FLEX, offering comprehensive civil liability, crime/fraud, and cyber coverage for financial institutions. The consortium provides a streamlined solution, addressing the full range of crime, professional, Directors & Officers (D&O), and cyber risks faced by these complex institutions. With coverage limits of up to ... Read the full article
Beazley, Munich Re, and Gallagher Re study reveals cyber market resilience
9th October 2024
Findings from a year-long collaboration between Beazley, Munich Re, and Gallagher Re indicate that the cyber insurance market can withstand a plausible yet remote malware event under current parameters. This information was released in a whitepaper that aimed at building a shared understanding of the potential systemic losses the cyber-insurance industry ... Read the full article
Beazley launches ‘Beazley Quantum’ to enhance cyber offering
8th October 2024
Specialty insurer Beazley has expanded its cyber capabilities with the addition of ‘Beazley Quantum’, a new cyber consortium that provides comprehensive cover for large corporates with up to $100 million limit. According to the announcement, the consortium will offer protection to substantial corporate entities with a turnover in excess of $1 ... Read the full article
Beazley forecasts cyber insurance market to grow to $40bn by 2030
2nd October 2024
Specialty insurer Beazley predicts that the cyber insurance market will grow from $15 billion in 2024 to $40 billion by 2030, driven by increasing demand due to rising cyber threats and costs, as the firm continues to manage its exposure amid premium growth. In its latest Cyber Risk Update, Beazley highlights ... Read the full article
Beazley appoints Bantick CUO, Greenwood named Beazley Furlonge Limited CEO
1st October 2024
Specialty insurer Beazley has appointed Paul Bantick as Chief Underwriting Officer (CUO), effective immediately, and Bethany Greenwood as Chief Executive Officer (CEO) of Beazley Furlonge Limited, the company’s Lloyd’s managing agency, subject to regulatory approval. Bantick is taking over the CUO role from Bob Quane, who is to retire. While the ... Read the full article
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