Beazley places UK regional marine book in run-off

exit-sign-dark

Beazley is pulling out of a number of marine lines in the UK including regional cargo, regional freight liability, and regional commercial hull.

These parts of the business will be placed in run-off.

It is believed that this accounts for 5% of Beazley’s marine book.

Low margins
A spokesperson confirmed: “The UK regional marine insurance market has been under pressure for some years with low margins posing a challenge for insurers, including Beazley.

“Following a strategic review of our UK

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected].

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: