Beazley News

Beazley Simplifies D&O Purchases for U.S. Multinational Companies

Beazley Group plc has introduced Beazley Bridge, a product that will allow U.S. multinational companies to cover executives outside the country through a single contract. The single policy will protect directors and officers in all territories where Lloyd’s is licensed, …

Lloyd’s Highlights Retailers Need for Cyber Fraud Coverage

An article on the Lloyd’s of London web site notes that while millions of people have been out an about shopping this holiday season, “an increasing number are choosing to shop from the comfort of their homes – and offices …

Best Affirms Ratings of Beazley Insurance Company, Inc.

A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit rating of “a” of Beazley Insurance Company, Inc. (BICI), which is based in Farmington, Conn. The outlook for both ratings is stable. These ratings reflect …

Beazley Confirms Interest in Acquiring Hardy Underwriting

In a brief statement, issued by its office in Dublin, Beazley plc confirmed that it is to undertake a strategic review of the business of Hardy Underwriting Bermuda Limited. The statement followed the announcement by the board of Hardy on …

Beazley Selected by CalSurance as Information and Privacy Liability Insurer

Orange, Calif.-based CalSurance Associates, a division of Brown & Brown of California Inc. has named Beazley, an insurer of data privacy and network security risks, as a preferred information privacy and security insurer for insurance agents and other financial services …

How Hospitals Benefit from Data-Rich Malpractice Insurers

Hospitals and hospital groups should seek clarity from their malpractice insurers on the loading applied to premiums to account for claims inflation, according to Lloyd’s insurer Beazley. Specialist insurer Beazley is advising that applying an across-the-board annual percentage loading to …

Hardman Joins Beazley with West Coast Business Development Focus

Beazley has appointed Lindy Hardman to develop new business and broaden the company’s broker relationships on the west coast. Hardman’s insurance experience comes from both the underwriting and broking businesses. He was recently regional vice president at Crum & Forster …

Beazley Remains Confident, Despite Q1 Catastrophes

The first quarter of 2011 reminded the insurance industry of just how unpredictable natural catastrophes can be. Beazley plc, which is headquartered in Dublin, but whose main activities, are in the Lloyd’s market, and increasingly in the U.S., saw Q1 …

Beazley Expands Healthcare Liability Team with Springman

Beazley Group reported the addition of Daniel Springman to its miscellaneous medical healthcare team, expanding the insurance company’s capabilities in the area of medical professional liability insurance in the United States. Previously, Springman worked for four years with Markel Corp. …

Beazley Extends Global Environmental Underwriting to Pollution Coverage

Specialist insurer Beazley announced that it is broadening its coverage of environmental risks, first launched by its U.S. company, by “establishing an environmental risks underwriting capability at Lloyd’s, which will be headed by Nicholas Pearson, a senior member of Beazley’s …