Beazley News

Beazley: Data Exfiltration Remains Prevalent as Attack Methods Evolve

Data exfiltration, or the theft or unauthorized transfer of data from any device, is a common form of cyber crime, and specialist insurer Beazley found in a recent report that the criminals are becoming much more sophisticated. The company released …

Markets/Coverages: Beazley Starts D&O for Crypto Companies; Notion PRO New 24/7 Professional Home Monitoring

Specialist insurer Beazley said it launched CryptoGuard, a new directors & officers liability (D&O) insurance product tailored specifically for crypto companies – the first of its kind in the London and US markets. The cover is designed to address the …

Many Business Leaders Feel Unprepared for Growing Geopolitical Risks, Inflation

Many business leaders feel unprepared for growing geopolitical risks and inflation, according to a report published by Beazley. “Across the UK and U.S., fewer business leaders feel well prepared to manage geopolitical risks. Concerns about the possible consequences of war …

People Moves: Beazley Announces MacCabe Retirement, Wheeler and Pereira Promotions for Int’l Mgmt. Liability; Gallagher Re Names 6 Senior Execs for APAC Region

This edition of International People Moves details appointments at Beazley and Gallagher Re. A summary of these new hires follows here. Beazley Announces MacCabe Retirement, Wheeler and Pereira Promotions for Int’l Management Liability Beazley announced that Catherina MacCabe, focus group …

Insurance Technology: MGA Insight Risk Targets Water Damage; Beazley Starts Cyber Incident Response Rooms

Insight Risk Targets Builder’s Risk Water Damage Losses Insight Risk, a technology-focused Builder’s Risk managing general agent (MGA), announced it is launching an innovative model designed to reduce water damage losses on commercial occupancies by up to 90%. By bundling …

People Moves: Beazley Names Head of Cyber Services – Int’l; RenaissanceRe Appoints Senior ESG, Climate Roles; Barr Joins Miller’s Specialist Credit and Political Risks Team

This edition of International People Moves details appointments at re/insurers Beazley and RenaissanceRe Holdings, as well as insurance broker Miller. A summary of these new hires follows here. Beazley Appoints New Head of Cyber Services – International Specialist insurer Beazley …

Beazley Restructures Its Underwriting Team to Support Growth Ambitions

Beazley has restructured its underwriting team with the creation of four new divisions: Specialty Risks, Cyber Risks, MAP Risks and Property Risks. The divisions will be interconnected, able to operate at scale, and will generate efficiencies and deliver innovation that …

Russia’s Seizure of Foreign Jets Triggers Wave of Insurance Claims From Leasing Firms

Russia’s move to transfer almost 800 foreign-owned jets to its own aircraft register amid foreign sanctions has triggered a wave of insurance claims from leasing firms whose fleets have effectively been commandeered. Lessors will assert that registering the planes in …

People Moves: Beazley Cyber Adds Chubb’s Cohen, Promotes Larson; Scheurle Leads Burns & Wilcox’s Cannabis; Parametrix Hires Hiscox’s Wong

Beazley Hires Two for Cyber Services Insurer Beazley announced two senior leadership hires to its global Cyber Services team. Russ Cohen has been appointed head of U.S. Cyber Services, and Bala Larson has been promoted to head of Client Experience. …

People Moves: Beazley’s Eaton to Retire at End of 2022; BHSI Promotes Flesch to Head of Marine in Germany; Oneglobal Latin America Taps Generali’s Silva to Lead Regional Team

This edition of International People Moves details appointments (and a retirement) at Beazley, Berkshire Hathaway Specialty Insurance (BHSI) and Oneglobal Broking. A summary of these announcements follows here. Beazley’s Eaton to Retire at End of 2022 Specialist insurer Beazley announced …