Property insurance premiums are rising swiftly while cyber rates stagnated and the impact of “flailing insurtechs” in its digital business led Beazley plc to concentrate more deeply on property, said the Lloyd’s insurer’s chief executive officer.
Tag: Beazley
Beazley Launches Streamlined Miscellaneous Medical Liability Product
Specialist insurer Beazley today announced the launch of its streamlined Miscellaneous Medical Liability insurance product (“MiscMed”) to both the U.S. and London markets.
Beazley Updates Primary US Public D&O Offering
Specialist insurer Beazley has announced a refreshed Primary US Public D&O Wording, available both in the London Market and on a Surplus Lines basis in the US.
Beazley USA Taps DRC’s RS X Rating to Migrate Their Systems to the Cloud
DRC announced the roll out of RS X Rating to support Beazley’s digital advancement initiative to move their full enterprise rating to the cloud.
Beazley Names Clive Bannister Chair Designate
Beazley Plc announced the appointment of Clive Bannister as Chair Designate and a non-executive director with immediate effect.
Beazley Launches U.S. Hospital Liability Policy
With nearly 20 years global experience underwriting large and middle-market hospitals and healthcare systems and a national perspective on claims management, market-leading insurer Beazley has created and launched a broad and flexible policy specifically for US hospitals called the AcuteCare form. This new specialist policy underpins Beazley’s expansion plans in hospital Professional Liability in the… Continue reading Beazley Launches U.S. Hospital Liability Policy
Beazley’s Smart Tracker to Transition into a Full Market-Facing Syndicate
Lloyd’s has given Beazley ‘in principle’ approval to convert its Smart Tracker Special Purpose Arrangement (SPA) 5623 to a full syndicate on January 1, 2023, subject to Lloyd’s agreement of the Syndicate business plan and final approval. Syndicate 5623 will exclusively underwrite business accepted by Beazley’s Smart Tracker beginning in January. The Smart Tracker was… Continue reading Beazley’s Smart Tracker to Transition into a Full Market-Facing Syndicate
Beazley Strengthens Its North American Commercial Property Offering
Beazley has restructured its Large Commercial Property along with its Canadian and E&S Property Teams to create a single North American Commercial Property Team, supported by four regional hubs to make access simpler for brokers and create a single risk appetite approach and philosophy. Four new regional leaders have been appointed, with three internal appointments… Continue reading Beazley Strengthens Its North American Commercial Property Offering
U.S. Active Shooting Insurance Rates Jump As Incidents Rise
According to insurers, the cost of purchasing insurance against mass shootings has increased by more than tenfold in the United States this year as a result of a string of deadly events. According to the Gun Violence Archive, the United States has seen 293 mass shootings this year, which are defined as any event involving… Continue reading U.S. Active Shooting Insurance Rates Jump As Incidents Rise
Marsh Adds Beazley to ESG Risk Rating Roster
Marsh, the world’s leading insurance broker and risk advisor, announced that specialist insurer Beazley is to offer clients that opt in to Marsh’s Environmental, Social, and Governance (ESG) Risk Rating (ERR), global access to additional capacity through its Lloyd’s of London Syndicate 4321, subject to the ERR score meeting Beazley’s threshold. Launched in March, Marsh’s… Continue reading Marsh Adds Beazley to ESG Risk Rating Roster