Beazley completes acquisition of Momentum Underwriting Management
Beazley Group has completed its acquisition of the entire existing share capital of Momentum Underwriting Management following approval from Lloyd’s and the Financial Services Authority.
The Momentum team, under the continued management of Chris Branch, forms Beazley’s new Accident & Life division, further strengthening Beazley’s product portfolio.
To support this acquisition, Beazley is establishing two new Lloyd’s syndicates. Syndicate 3623 focuses on personal accident and will also insure sports business through its leadership of consortium 9476.
Syndicate 3622 is a dedicated Life syndicate. All Lloyd’s syndicates are rated A by A.M. Best.
Syndicate 3623 has already been
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