Beazley
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The policy, which Beazley claims to be the first of its kind in London and the US, will offer $10mn of capacity. -
Former leader Catherina MacCabe is to retire.
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Fiona Muldoon and Cecilia Reyes will both become members of the audit and risk committee.
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The InsurTech has hired Adam Glasby as programme manager, as part of wider efforts to scale up with tech talent drawn from the Lloyd’s and London marketplaces.
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Plus the lowdown on the potential Howden-TigerRisk tie-up and all the top news of the week.
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The analyst firm estimated more than 60% growth in Beazley’s cyber portfolio in 2022
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Beazley’s pioneering new Syndicate 4321 uses ESG ratings to provide additional capacity for clients, but it will play a broader, strategic role for the carrier.
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The carrier highlighted in its Q1 results this morning that it had $50mn exposure net of reinsurance to the war in Ukraine.
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Doubling rates in cyber led the carrier to grow its cyber and executive risk premium by 47%.
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Business leaders surveyed by Beazley said they were increasingly worried about war risk in particular, prior to the Ukraine conflict.
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With the Lloyd’s Lab in its fourth year and poised to welcome cohort eight to its incubator, Insurance Insider examines its impact so far.
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Christian Taube will be responsible for developing Beazley’s cyber risk management and incident response functions.
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