Beazley has appointed Nisar Siddiqui as Production Underwriter – Deadly Weapons Protection (DWP) and Safeguard in the US, underpinning the specialist insurer’s commitment to expanding its DWP and Safeguard books, and further expanding its reach in the United States. Nisar joins Beazley from Donyati LLC, where he provided strategic advisory services to clients in various… Continue reading Beazley Further Expands Deadly Weapons Protection and Safeguard Team in U.S.
Tag: Beazley
Beazley Launches Lloyd’s First ESG Syndicate
Specialist insurer, Beazley has received in principle approval from Lloyd’s to establish Syndicate 4321 from January 1, 2022. Once fully approved the syndicate will focus exclusively on offering additional capacity to businesses that perform well against ESG metrics and will be led by Will Roscoe, Head of the Market Facilities Division. Syndicate 4321, which has… Continue reading Beazley Launches Lloyd’s First ESG Syndicate
Beazley Promotes Florian Beerli to Head Newly Formed Specialty Risks & US Programs Team
Specialist insurer Beazley has named Florian Beerli as the head of the newly named Specialty Risks & US Programs team. In addition to his new responsibilities, Florian will remain the global product lead for the Product Recall team. Specialty Risks & US Programs covers a suite of products that by nature have niche insurance offerings,… Continue reading Beazley Promotes Florian Beerli to Head Newly Formed Specialty Risks & US Programs Team
Beazley Research Reveals Businesses’ Changing Expectations of Insurance Partners
A new report from specialist insurer Beazley, published today, highlights that clients’ service expectations of their insurance partners are increasing. In addition to financial protection, they are looking to their insurance partners to provide them with more risk insight, risk management-related services and flexible coverage that better meets their business’ changing needs. The findings are… Continue reading Beazley Research Reveals Businesses’ Changing Expectations of Insurance Partners
Beazley Launches D&O Product Suite for US-Domiciled SPACs
Specialist insurer Beazley has launched a directors’ and officers’ (D&O) product suite designed specifically for US-domiciled Special Purpose Acquisition Companies (SPACs). Beazley’s new D&O products for SPACs offer dedicated coverage for either the individuals, or the entity and individuals combined, to provide greater transparency and clarity about insurance coverage, from the initial public offering (IPO)… Continue reading Beazley Launches D&O Product Suite for US-Domiciled SPACs
Beazley Expands Team to Underwrite Service-Led Deadly Weapons Protection & Safeguard Coverages in U.S.
Specialist insurer Beazley has appointed two underwriters in the US to write Deadly Weapons Protection (DWP) and Safeguard – service-led insurance solutions designed to help organizations reduce the risk of violent incidents or abuse occurring, and to respond quickly and effectively when required. Lindsey Fyfe joins Beazley from Risk Placement Services in Georgia where she… Continue reading Beazley Expands Team to Underwrite Service-Led Deadly Weapons Protection & Safeguard Coverages in U.S.
Beazley Enhances Reputational Risk Offering with AI-enabled Tools
Specialist insurer Beazley has enhanced its pioneering Reputational Risk insurance policy by providing artificial intelligence-enabled tools to help policyholders control their corporate brand and reputation more effectively. Underwritten by the Custodian Consortium at Lloyd’s led by Beazley, the Reputational Risk policy protects organisations through the lifespan of a crisis. Cover includes crisis management services to… Continue reading Beazley Enhances Reputational Risk Offering with AI-enabled Tools
Ransomware Severity and Costs Increase in 2020
Specialist insurer Beazley has reported that ransomware attacks increased in terms of both severity and costs this year compared to 2019 and have become the biggest cyber threat facing organizations. According to the latest Beazley Breach Insights report, published today, the total cost of ransom payments doubled year-on-year through the first six months of 2020,… Continue reading Ransomware Severity and Costs Increase in 2020
Analysts Advise Beazley to Secure More Reinsurance
Analysts at investment banking group Jefferies have advised Beazley to proactively purchase additional reinsurance, after an upward revision in its COVID-19 losses caused share prices to plummet. Beazley doubled the estimated cost of its COVID-19 claims last week from $170 million to $340 million, mainly due to further event cancellation losses. Jefferies notes that there… Continue reading Analysts Advise Beazley to Secure More Reinsurance
Beazley New Cyber & Tech Leadership Team Unveiled
Beazley has unveiled a new leadership structure within its global cyber & tech underwriting team. It aims to support greater knowledge sharing and collaboration between the team globally, future growth and continued development of innovative services and insurance solutions to tackle the borderless threat posed by cyber breaches. As previously announced, Paul Bantick, who currently… Continue reading Beazley New Cyber & Tech Leadership Team Unveiled