Beazley News

Beazley Offers Revenue Protection Cover for UK Events Hit by Wet Weather

London-based insurer Beazley has launched “Cancellation Plus” for the event industry in the United Kingdom, offering event organizers revenue protection for reduced ticket sales and concessions when a specified amount of rainfall occurs at their event. Beazley said it provides …

Beazley Expands Event Cancellation Coverage for Political Violence, Terrorism Incidents

Beazley, a provider of event cancellation insurance, has expanded its terrorism and political violence event cancellation insurance for the sports, entertainment and leisure industries in the U.S. to include riots, civil commotion, strikes, the threat of a terrorist act and …

Dublin Looks to Lure Financial Services Jobs from UK After Brexit Vote

Irish recruiters are already filling jobs for financial services firms which are shifting some operations from the United Kingdom, with Dublin moving fast to steal a march on rivals just a month after Britons voted to leave the European Union. …

Beazley to Get EU Licenses for Irish Reinsurance Business – After Brexit Vote

Lloyd’s of London’s Beazley Plc is working to get European insurance licenses for its Irish reinsurance business to allow it to operate throughout the European Union, even if Lloyd’s loses access to the bloc. Insurers are making contingency plans after …

Beazley Launches Combined Event Cancellation Coverage

Beazley has introduced Cancellation Plus, an endorsement that combines event cancellation coverage with protection for reduced ticket sales and concessions in the event of poor weather depressing event revenues. Beazley provides cancellation coverage for thousands of events annually, including many …

Beazley Appoints Crux Risk to Provide Kidnap and Crises Response Services

Beazley, the London-based provider of specialist insurance cover, has retained Crux Risk* to provide preventative and response services to clients facing kidnaps or other threats to their personnel. “The Crux team brings extensive experience handling some of the most complex …

Travelers & Novae Join Lloyd’s Construction Consortium; Capacity Rises to $320M

Two insurers, Travelers and Novae, have joined the Construction Consortium at Lloyd’s to offer greatly increased underwriting capacity for the largest construction risks in the world across all major onshore construction and engineering risk categories. The consortium was launched in …

Beazley Expands Environmental Team in U.S. with XL Catlin, AIG, Ironshore Hires

Specialist insurer Beazley has made several senior hires to expand its environmental liability insurance team in the U.S. The Beazley environmental team now has 20 associates across the U.S., with local underwriting and claims contacts in every region. Chris Biddle, …

Beazley Expands Marine Business by Buying Subsea Specialist Leviathan Facility

Beazley, a provider of specialist marine insurance, is expanding its marine offerings with the acquisition of London-based subsea specialist The Leviathan Facility. Beazley will acquire the majority of their existing book and renewal rights. In addition, principal Leviathan underwriters, Simon …

Beazley Enhances Coverage for Small Healthcare Businesses

Beazley has expanded its medical professional liability coverage for small healthcare providers with new policy enhancements, increased standard coverage and enhanced service levels. Policies now also include privacy breach response services provided through Beazley’s dedicated breach response unit. Beazley’s small …