Beazley
Beazley revamps underwriting team structure
Cyber risks to become a standalone division as part of the changes.
Broker Satisfaction Survey: Aviva triumphs in Financial Lines
With little between the top three, and plenty of praise for a range of providers, brokers have shown that the financial lines sector abounds with healthy competition.
People Moves: 21-25 February 2022
Keep up to the date with the latest industry moves in the insurance space.
CII London Market New Generation group pushes for innovation
A report by the Chartered Insurance Institute’s New Generation London Market group has concluded if the insurance profession does not learn lessons from the pandemic and innovate it could soon no longer meet the public’s needs.
Beazley reports "robust" profit in 2021 results
The provider turned a $50.4m (£37.1m) into a pre-tax profit of $369.2m (£272.1m) for the year ended 31 December 2021 while also seeing its GWP shoot up by 30%.
People moves: 7-11 February 2022
Keep up to date with the latest moves from the insurance space.
Beazley report warns of 2022 business risks
The study suggests that 2022 may be the year in which supply chain, D&O, reputation and employment liability concerns ‘leak’ across insurance classes, creating complex, integrated risks with no “obvious or traditional insurance solution”.
CFC Underwriting tops the Insurance Age broker cyber poll
Specialist company CFC Underwriting has won out, with Travelers and NMU also in close contention, as the UK’s leading eight cyber insurers are revealed based on broker opinion
Beazley GWP hits $3.3bn
The insurer stated premium rates on renewal business increased by 23% in Q3 2021.
Beazley sets up ESG specialist syndicate
The organisation will focus on providing capacity to businesses that perform well on environmental and social governance metrics.
Beazley hires CUO from Axis Capital
Bob Quane will take on the role in October after previous chief underwriting officer Adrian Cox moved to become CEO of the provider earlier this year.
People moves: 20 - 24 September 2021
Keep up to date with the latest people moves.
Beazley launches cyber policy for luxury yachts
According to the provider, the cover is designed to protect against physical damage, loss of access, threat and ransom of the vessel and offers a 24-hour claims hotline for its policy holders.
Beazley returns to profit in H1 2021
Provider reports a COR of 94% as GWP rises by 22%.
Beazley report urges insurance industry to drop "one-size-fits-all approach"
The study shows it is time for a service rethink when it comes to the insurance relationship as 44% of respondents do not believe insurers understand their business.
People Moves: 12-16 July 2021
Stay up-to-date with the latest job changes in the world of insurance.
HRH The Prince of Wales launches insurance task force to fight climate change
The task force, chaired by Lloyd's, is comprised of insurance executives and aims to provide a platform for the sector to collectively advance the world’s progress towards a resilient, net-zero economy.
Ardonagh Specialty reveals capacity deal with Beazley
Business says cross class follow capacity solution will benefit Price Forbes clients across cargo, specie, terrorism, financial products, healthcare and marine.
Beazley CEO Andrew Horton moves to QBE
Horton is set to become group CEO of QBE in Australia later this year as Beazley names chief underwriting officer, Adrian Cox, as his successor.
Beazley reveals digital push with new business unit
Beazley Digital was developed in response to growing demand for e-traded products from brokers and clients and will be led by COO Ian Fantozzi.
Beazley launches media production contingency suite
The products are designed to protect producers against the risks that can cause films, TV and other forms of programming to be called off or delayed.
Covid claims push Beazley to $50.4m loss in 2020
COR deteriorates to 109%, but the provider says its outlook is positive as it also posts 19% rise in GWP.
Blog: Managing virtual business risk in the fine art market
Covid-19 has resulted in a rapidly evolving risk landscape for fine art organisations. Beazley's Simon Aitchison argues clients need to work closely with their insurance brokers and insurers to identify these new risks the face, and ensure that they have…