Beazley makes board appointment in pursuit of US growth
Beazley has announced that Ken Sroka, formerly head of product development at Zurich Financial Services, has been appointed to the board of Beazley plc, with effect from 12th November.
Mr Sroka has extensive experience of the US property/casualty insurance market, having created and directed Zurich’s financial lines business in North America during the 1990s.
More recently he focused on the development of specialist products in North America, as president and chief executive officer of Zurich North American Specialties Division.
Commenting on the appointment, Beazley chairman, Jonathan Agnew, says: “The US is our most important market and one in which we see great growth potential.”
Separately, Beazley has today announced that it is on track to achieve an “excellent” result in 2010, despite increasing competition for business.
The Lloyd’s insurer has also confirmed that it has submitted a revised bid for Hardy Underwriting Bermuda, at 330 pence per share, which has been rejected by Hardy’s board.
Category: Companies News, Employment News, Insurance News
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