Specialist insurer Beazley and reinsurer RenaissanceRe have jointly launched a product that provides Beazley with additional catastrophe cover for cyber events. The majority of the security behind the deal will be provided by capital market sources structured by RenaissanceRe. This …
Beazley has launched its BioSecure policy, a life sciences proposition designed for small businesses. The coverage provides flexible insurance protection against a range of exposures in the pharma, biotech and medical device sectors. By introducing BioSecure to smaller, private enterprise …
Beazley has named Rozina Karimali executive risk underwriter within the cyber and executive risk division. Karimali is based in San Francisco and will underwrite public directors and officers and large private D&O risks as well as employment practices liability for …
Specialist insurer Beazley has appointed Matthew Westhoff as head of U.S. large commercial property based in New York. Reporting to Beazley’s global head of commercial property, Simon Jackson, Westhoff will manage the U.S.-based team, working alongside the property team in …
Specialist insurer Beazley has appointed Hannah Smith as a miscellaneous medical underwriter within its U.S. healthcare team. Based in Atlanta, Ga., Smith will underwrite a range of miscellaneous medical professional liability (MPL) risks, from blood and tissue banks through to …
Ransomware attacks increased by 37% during the third quarter of 2019, compared to Q2, as cyber criminals target both IT vendors and their clients, according to data compiled by insurer Beazley. One-quarter (24%) of all ransomware incidents reported to Beazley …
Specialist insurer Beazley has appointed Matthew Westhoff as head of U.S. large commercial property based in New York. Westhoff will manage the US-based team, working alongside the property team in London. He brings 16 years of insurance experience and was …
Beazley, the London-based specialist insurer, is making a strategic investment in Hong Kong-based coverholder, Pegasus Underwriting Ltd. The investment will see Beazley become a 30% shareholder in Pegasus. Beazley said it began working with Pegasus in January 2019 under an …
Beazley has appointed Rachel Turk as head of corporate development, effective immediately, following the retirement of Mark Goodman. Turk joined Beazley in January 2009 as an analyst in the management liability team before moving into underwriting. Since 2015 she has …
By the time David Kaisel got back from selling his flour at a farmers’ market, a wildfire in California’s Capay Valley had burnt both his tractor and the shipping container where he kept some tools. His insurer is set to …
