Beazley
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The hires are the latest in an Aquiline Capital and Abry Partners-backed diversification effort.
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Beazley is one of the leading players in property D&F business in London, writing a global book with a US focus.
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The $350mn follow-capacity solution will cover cargo, specie, terror, financial products, healthcare and marine.
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Underwriters and brokers are competing for talent amid hard market conditions in the class of business.
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Binding insurers include Chubb and AIG, with reinsurance from Munich Re.
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He will receive a basic salary of £507,500, with a bonus capped at 400% of salary and 12.5% pension contributions.
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Adrian Cox is respected for his underwriting talent, but his biggest challenge will be making the CEO role his own.
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The four major developments of the week include:
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As Adrian Cox prepares to take the helm at Beazley, what challenges does the CEO-in-waiting face?
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Peel Hunt and Jefferies analysts are reassured by calibre of the outgoing CEO’s internal replacement.
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CUO Adrian Cox will take over as CEO of the London-listed carrier next month, accelerating a move that was widely expected to happen at some point.
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Beazley has rebuilt its contingency team after large losses and a number of senior underwriter departures.
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