Beazley announces new property division leader
by Richard Kilner
Story link: Beazley announces new property division leader
Beazley plc has announced that Jonathan Gray, leader of the property division for 20 years and a director for the last 11, has indictaed his intention to resign from the board in July of 2013. Gray will retain his position as a director of the group’s Lloyd’s managing agency, Beazley Furlonge Limited. He is to [...]
Beazley launches Gulf of Guinea piracy product
by Richard Kilner
Story link: Beazley launches Gulf of Guinea piracy product
Beazley has responded to the recent increase in hijacking in the Gulf of Guinea by launching Gulf of Guinea Piracy Plus, the first tailored pirate policy designed specifically for ship-owners whose vessels are active in the area. The product provides coverage for the kidnapping of crew for ransom and the illegal seizure of the vessel [...]
Beazley establishes US contingency capability
by Richard Kilner
Story link: Beazley establishes US contingency capability
Beazley has announced that it is to begin underwriting contingency business locally in the United States, starting in early 2013. The focus will be on servicing existing coverholder relationships as well as fostering new business that is not usually handled by Lloyd’s underwriters in London. Christian Phillips has been appointed to drive forward the growth [...]
Beazley bolsters Singapore office
by Richard Kilner
Story link: Beazley bolsters Singapore office
Beazley has announced that it is expanding its reinsurance team into Singapore with the appointment of Ben Liang. Liang is to be based in the firm’s Singapore office, where he will write Asia Pacific reinsurance business with a particular focus on south east Asia. Prior to joining Beazley he worked for Allianz Re where he [...]
Beazley reports improved interim results
by Richard Kilner
Story link: Beazley reports improved interim results
Beazley has reported its interim results covering the first six months of 2012, including pre-tax profits of $112.9m. This is a return to the black following a pre-tax loss of $24.2m in the corresponding period in 2011. Biannual gross written premiums increased from $924.8m in 6M 2011 to $1,013.1m, a rise of around 10%, with [...]
Beazley unveils combined war/piracy cover
by Richard Kilner
Story link: Beazley unveils combined war/piracy cover
Beazley has announced that it is now offering ships sailing into difficult waters war risks and piracy cover under one policy, at a lower price than if both covers were purchased separately. The combined war risks and piracy cover is the first of its kind in the Lloyd’s market and is available from Beazley syndicates [...]
Beazley expands underwriting team
by Gill Montia
Story link: Beazley expands underwriting team
Beazley is expanding and restructuring its global underwriting team. From 1st January 2012, Colin Rose will become global head of construction & engineering, succeeding Hugh Phillips, who has led the team since 2008 and now has retirement plans. Mr Rose has been a senior underwriter at the firm since 2004, having previously held senior construction [...]
Beazley posts $24.2m interim loss
by Gill Montia
Story link: Beazley posts $24.2m interim loss
Specialist insurer, Beazley, recorded a pre-tax loss of $24.2 million in the six months to the end of June, compared with a profit of $115.5 million in the same period of 2010. The firm saw gross written premiums fall by 1.7% in the first half, to $924.8 million, but with no rate change on renewal [...]
Beazley appoints energy team head
by Gill Montia
Story link: Beazley appoints energy team head
Beazley has appointed Matthew Holmes to head its energy team. The 36-year-old, who has over a decade’s experience in the Lloyd’s energy market, joins from Catlin where he was energy class underwriter, covering upstream, downstream and casualty risks. Commenting on the appointment, Beazley’s head of marine division, Clive Washbourn, says: “Energy is a complex and [...]
Beazley announces open market hire
by Richard Kilner
Story link: Beazley announces open market hire
Will Roscoe has been named by Beazley as a new member of its open market property team, which he joins as an underwriter. Roscoe previously worked for Willis, in the global markets international division where he held a range of senior posts and was latterly director of broking. When at Willis he led an eight-strong [...]
Beazley bolsters medical healthcare team
by Richard Kilner
Story link: Beazley bolsters medical healthcare team
Beazley Group has announced the appointment of Daniel Springman to the miscellaneous medical healthcare team, bolstering the firm’s medical professional liability insurance offering. Springman joins Beazley from Markel Corporation, and his appointment enhances the firm’s US healthcare professional liability underwriting capabilities. He spent four years with Markel Corporation as a products and professional liability underwriting [...]
Beazley appoints terrorist team leader
by Richard Kilner
Story link: Beazley appoints terrorist team leader
Beazley, a leading Lloyd’s market political risks underwriter, has announced the appointment of Chris Parker as head of the terrorism and political violence team. Parker, whose appointment is effective from today, was formerly managing director of Bowring Marsh Terrorism. Adrian Lewers, head of Political Risk and Contingency, explained that the team Parker now led was [...]
Beazley plans pair of acquisitions
by Richard Kilner
Story link: Beazley plans pair of acquisitions
Beazley Group has announced that it is to substantially enhance its presence in the Australian group disability market through the acquisition of managing general agencies (MGAs), Australian Income Protection (AIP) and Blue-GUM. For the last eight years AIP has provided group disability insurance to industry superannuation funds, retirement funds run by industry associations and trades [...]
Beazley bolsters TMB group
by Richard Kilner
Story link: Beazley bolsters TMB group
Beazley Group has announced the appointment of Alex Ricardo as privacy breach response manager within the Technology, Media & Business Services (TMB) professional liability group. Ricardo is to be based in New York, and will be directly responsible to Mike Donovan, leader of the TMB focus group. He will be tasked with directing the provision [...]
Beazley launches US crime and fidelity offering
by Gill Montia
Story link: Beazley launches US crime and fidelity offering
Beazley is expanding its specialty professional and management liability lines in the US with the launch of a fidelity and crime insurance offering. The Lloyd’s insurer has formed a new team headed by Bill Jennings, who has joined from AXIS where he also headed the fidelity and crime team. He is supported by Juliet White, [...]
Beazley reports rising profits
by Richard Kilner
Story link: Beazley reports rising profits
Beazley plc has reported its financial results for 2010, including pre-tax profits of $250.8m, up from $158.1m in 2009. The firm also recorded a profit (excluding exceptional foreign exchange gain) of $217.1m and a return on equity of 18.7%. Overall return on equity was 21.4%, up from 16% last year, but gross written premiums did [...]
Beazley extends global environmental practice
by Gill Montia
Story link: Beazley extends global environmental practice
Beazley is establishing an environmental risks underwriting capability at Lloyd’s, which will be headed by Nicholas Pearson, a senior member of the specialist insurer’s global environmental risks team. Mr Pearson has over a decade of experience in the sector, as both a consultant and an underwriter, and in his new role will focus on fixed-site [...]
Beazley and HPS form strategic partnership
by Richard Kilner
Story link: Beazley and HPS form strategic partnership
Beazley, the specialist insurer, and HealthPlan Services (HPS) have announced that the two firms are entering into a strategic partnership. Under the terms of the agreement Beazley’s accident and health insurance customers will benefit from comprehensive business process services provided by HPS. HPS will administer a comprehensive range of services, such as sales, case level [...]
Beazley enters 5 year deal with British Fencing
by Richard Kilner
Story link: Beazley enters 5 year deal with British Fencing
Specialist Lloyd’s insurer Beazley has formed a five year partnership with British Fencing. Under the terms of the deal, Beazley will become the principal and official sponsor of the national governing body for the Olympic sport until the end of 2015. As a result of the partnership Beazley’s £1m sponsorship will increase the sport’s funding [...]
Beazley appoints directors
by Gill Montia
Story link: Beazley appoints directors
Beazley has announced that Rolf Tolle has been appointed as a non-executive director, and Adrian Cox as an executive director, both with effect from 6th December 2010. In June 2010, Mr Tolle joined the board of Beazley Furlonge Ltd, the Lloyd’s managing agency which forms part of the Beazley group, having retired as franchise performance [...]
