Beazley News

Political Risk a Growing Concern, Say Brokers, Insurers

Evan Freely has been insuring global risks for years — through the 2008 market meltdown, the 2002 crisis in Argentina, and the 1993 downturn in Venezuela. Yet turmoil now seems to be coming at a more rapid pace than he’s …

Beazley Joins EbixExchange Accounting Platform

Ebix Europe, the electronic messaging communications specialists for the global re/insurance market, announced that insurer Beazley is the latest carrier to join its EbixExchange accounting platform. Using ACORD standards, the platform adds transparency and accelerates the accounting and settlement process, …

Beazley Forms ‘Anything Lineslip’ for Hard-To-Place Professional Liability Risks

Beazley has launched the new Anything Lineslip in London offering terms for all U.S. management, professional, cyber and healthcare liability risks. The Anything Lineslip is led by Beazley, supported by a number of other carriers including Antares and ARK 4020 …

Lloyd’s Shortlists Brussels or Luxembourg as EU HQ: Sources

Lloyd’s of London, the world’s largest specialty insurance market, will this week pick Brussels or Luxembourg for its planned European Union subsidiary, after Dublin had been an early favorite, sources say. Lloyd’s has been one of London’s most vocal financial …

Beazley Buys Canadian Specialty MGA, Creechurch Underwriters

Beazley is expanding its presence in Canada with the acquisition of the specialist managing general agent, Creechurch Underwriters. The financial terms of the transaction were not disclosed. Since its founding in 1996, Creechurch has built a strong reputation for providing …

Beazley Adds Life Sciences Underwriter Amis in California

Beazley has hired life sciences underwriter Marc Amis in its San Francisco, Calif. office. Amis comes from Chubb, where he was a senior life sciences underwriter for the Western region. He was previously a regional underwriter for G.E. Risk Solutions …

Beazley Taps AIG’s Tigleanu as Data Breach & Information Security U/W

Beazley, a specialist in data breach response insurance, has appointed Monica Tigleanu as an underwriter focused on data breach and information security coverage for US companies out of its London headquarters. Beazley has helped clients handle over 5,000 breaches since …

Beazley Joins Markel Livestock Consortium as 5th Member

Markel International, the London-based specialist insurer that leads the Lloyd’s livestock consortium, has extended the consortium’s aggregate capacity by signing up Beazley as a fifth member. With co-founders Tokio Marine Kiln, Pembroke and AEGIS London, Markel established the consortium in …

Beazley Launches Pleasure Craft Cover on E-Trading Platform

Beazley, a specialist marine insurer, announced that its custom pleasure craft insurance is available to quote and bind via the myBeazley online risk platform. Beazley pleasure craft policies cover a wide range of vessels, from small boats to luxury yachts, …

Beazley, VALE Partner on Environmental Coverage for Small, Mid-Sized Firms

Beazley has partnered with managing general agency VALE Insurance Partners to offer its environmental cover to US-domiciled firms with revenues of up to $15 million. VALE will offer the full suite of Beazley environmental products including contractors’ pollution liability, environmental …