Beazley
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The analyst firm estimated more than 60% growth in Beazley’s cyber portfolio in 2022 -
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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Greenwood, Bantick, Turner and Montminy will head up the new divisions.
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The second of Insurance Insider’s deep-dive analysis pieces on innovation examines the internal structures and opportunities that can accelerate innovation.
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The first of a two-part series on innovation examines the barriers blocking product innovation in the P&C market.
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Beazley’s head of specialty lines James Eaton will retire at the end of 2022 after 16 years at the carrier.
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Beazley’s Smart Tracker syndicate also reported a 49% increase in GWP to $198.2mn as the company pushed ahead with top-line growth across the board.
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