Beazley
Market Moves - 16 January 2014
Beazley and LV Broker were among the insurers making changes to personnel this week, while Towergate featured among the brokers making moves.
Beazley satellite capability set for take-off following Bensoussan hire
Beazley has appointed Hiscox senior underwriter Denis Bensoussan to establish a satellite insurance capability within the company following the specialist insurer’s move into aviation insurance in 2012.
Beazley boosts Latin American development with appointment
Beazley has appointed Ricardo Ortega as head of business development in Latin America.
Beazley unveils upgraded D&O cover
Beazley has broadened its directors and officers cover to include regulatory investigations and inquiries.
Scepticism remains over ‘underwriting discipline’ in Q3
Full-year results expected to take a hit from St Jude storm.
Terrorism: Global threat
How has the insurance industry adapted to the steady rise in terrorism and civil unrest across the world in the past decade?
Beazley predicting 'mid-80s' full year COR
Beazley has chalked up a 5% rise in premiums of $1.54bn (£958m) over the first nine months of the year, as limited exposure to weather events has left the firm expecting a better than predicted full year combined ratio.
Beazley predicting 'mid-80s' full year COR
Beazley has chalked up a 5% rise in premiums of $1.54bn (£958m) over the first nine months of the year, as limited exposure to weather events has left the firm expecting a better than predicted full year combined ratio.
Beazley launches small transactions cover
Beazley has launched a type of insurance coverage aimed at the smaller deals which are typically not underwritten by most insurers.
Beazley launches political violence cover for UK businesses
Beazley has expanded its Lloyd’s developed political violence cover, making it available for UK businesses across the world.
Ferma 2013: Beazley wants to be 'complimentary not competitive' in Europe
Beazley wants to secure more European business but does not want to be competing with the local market on traditional classes, according to Beazley’s head of broker relations David Price.
Beazley launches emergency evacuation product
Beazley has launched an emergency evacuation cover product to assist in the case of kidnappings, natural disasters and political risk.
Editor's comment: Bad gambles see millions dropped
While the average 2.2 million viewers of The Million Pound Drop often urge contestants to take a gamble, they are well aware of one vital rule that it seems some insurers have forgotten: if you are not 100% sure of the answer, the only way to proceed is…
Lack of clarity leads Beazley to extend political violence policy
Beazley’s political risks team is extending its political violence policy to offer cover for physical damage during terrorist or insurgency actions caused by the police or security forces.
Regulation needed to boost cyber take up in Europe says Horton
The introduction of European Union data breach notification legislation is needed to spur the uptake of cyber policies in Europe, according to Beazley’s chief executive Andrew Horton.
Beazley improves COR as investment returns plummet
Beazley trimmed its combined operating ratio to 89% in the first half of the year (H1 2012: 91%), however the firm’s investment returns were hit by market losses in fixed income holdings.
Ascot CUO Pepper named London’s most credible underwriter
Ascot chief underwriting officer Mark Pepper has been named as the most credible underwriter in the London market in a study by Gracechurch Consulting.
Lum appointed to Beazley Asia-Pacific role
Beazley has internally filled its political risks and trade credit underwriter role for Asia-Pacific, appointing Michael Lum.
Beazley appoints Michael Lum to Asia Pacific role
Beazley has internally filled its political risks and trade credit underwriter role, appointing Michael Lum.
CEO Rowell departs Jubilee
Johnny Rowell, chief executive of Jubilee Group is to step down, replaced on an interim basis by the firm’s chief operating officer.
Brit enters political & credit risk market
Brit has entered the political & credit risk market with the appointments of Peter Jenkins and John Lentaigne as co-heads of the new division.
Beazley swoops for Hiscox's tech & data head
Lloyd’s insurer Beazley has hired Matthew Norris to join its European small business team.
Lloyd’s consortium has construction covered
Four construction risks syndicates in the Lloyd’s market have joined forces to offer underwriting capacity of up to $166m (£108m), in a move that seeks to place the consortium at the forefront of insuring the largest construction risks in the world,…
Beazley records 11% Q1 premium increase
Growth in the marine division has seen Beazley record gross written premiums up 11% to $518m (£333m), increasing from last year’s Q1 total of $465m.