Latest Beazley Headlines

All the headlines from our Beazley Topic Page, ordered by recency.

Beazley Builds in Midwest with 4 Cyber and Executive Risk Underwriters

Aug 7 2020 // Specialist insurer Beazley has appointed four new underwriters within its Chicago, Ill.-based cyber and executive risk division.Jon Perry and Megan Feyereisen join as executive risk underwriters, while Brett Kreiter and...

Lloyd’s Insurer Beazley Reports 1st Half Loss of $13.8M on Mounting COVID-19 Claims

Jul 23 2020 // British insurer Beazley swung to a loss for the first half on Thursday after setting aside $170 million for coronavirus-related claims, saying the fallout from the crisis would be similar to a major natural catastrophe.The...

Insurer Beazley Launches Cyber and Financial Lines Insurance in Colombia

Jul 22 2020 // Specialist insurer Beazley has launched a suite of cyber and financial lines insurance products to protect against the risks facing businesses and senior executives in Colombia.Beazley has tailored an information security...

Beazley Launches Booking System for Virtual Broker Meetings in New Business Reality

Jul 7 2020 // Specialist insurer Beazley has launched an online booking system to make it easier and quicker for brokers to arrange virtual appointments and share relevant documentation securely with underwritrs.Built in collaboration...

Beazley Launches Contingency Policy Covering Virtual Event Organizers

Jun 22 2020 // Specialist insurer Beazley has launched a contingency policy designed to cover event organizers if a transmission failure disrupts or cancels a live virtual event.The insurer acknowledged that streaming live events is not...

Beazley, Vizient Insurance Services to Offer Active Shooter Coverage

Jun 19 2020 // Beazley has established a contracted relationship with Vizient Insurance Services, LLC, a subsidiary of Vizient, Inc., to offer active shooter coverage. This coverage is available immediately to Vizient members. Under the...

Beazley to Offer Occurrence-Based Media Liability Policy for SMEs

Jun 17 2020 // Specialist insurer Beazley has launched an occurrence media liability policy designed to the risks faced by small to medium-sized media outlets and publishers in the United States.Beazley’s media liability policy...

Amid COVID-19, Cyber Criminals Push Phishing, Ransomware Scams

Jun 16 2020 // There was a 25% spike in ransomware attacks in the first quarter of 2020 versus the fourth quarter 2019, based on incidents reported to in-house breach response team for insurer Beazley’s Breach Response (BBR)...

Insurer Beazley Raises $300M to Strengthen Balance Sheet on COVID-19 Uncertainties

May 19 2020 // Beazley, the Lloyd’s specialist insurer, announced it raised £247 million (approximately $300 million) in capital via an equity placement designed to strengthen its balance sheet as a result of the continuing...

Beazley Expands M&A Insurance Team with 5 New Underwriters, Geographies

Apr 29 2020 // Specialist insurer Beazley has expanded its mergers & acquisitions (M&A) team with new locations and the appointment of five new underwriters.This follows several years of continuous growth in underwriting...

Beazley Hires Underwriting Team to Build Product Recall Insurance Offering

Apr 28 2020 // Specialist insurer Beazley is introducing a new product recall insurance policy for private enterprises in the U.S., with a planned launch in the second quarter of 2020. The company has appointed a new underwriting team...

Beazley Gets Approval to Launch Malaysia Company to Build Asia Pacific Distribution

Apr 21 2020 // Specialist insurer Beazley has extended its distribution capabilities in Asia Pacific following the authorization by the Labuan financial regulator of a new service company.The new company, Beazley Labuan Ltd., will...

Beazley Appoints Greenwood as Head of Cyber & Executive Risk, Succeeding Donovan

Apr 16 2020 // Specialist insurer Beazley has appointed Bethany Greenwood as global head of cyber & executive risk (CyEx) from July 2020. She will join Beazley’s executive committee at the same time.Greenwood joined Beazley...

People & Places

Apr 6 2020 // Mark Friedlander and Kris Maccini have been appointed to senior communications positions at the Insurance Information Institute (III) to broaden the organization’s traditional and social media operations.As...

Ransomware Attacks, Funds Demanded Soared in 2019: Beazley

Apr 6 2020 // The number of ransomware attack notifications against insurance clients increased by 131% in 2019 and the funds demanded by the attackers surged along with the counts.A new report from specialty insurer Beazley’s...

Ransomware Attacks, Funds Demanded Soared in 2019: Beazley

Mar 24 2020 // The number of ransomware attack notifications against insurance clients increased by 131 percent in 2019 and the funds demanded by the attackers surged along with the counts.A new report from specialty insurer...

Beazley’s Bernacki Named President of AmWINS Special Risk Underwriters

Mar 24 2020 // Global specialty insurance wholesaler AmWINS Group announced that Mark R. Bernacki will join the firm as president of AmWINS Special Risk Underwriters (SRU) and executive vice president of AmWINS Group, effective March 30,...

Beazley Adds SME Cyber Product to E-Trading Broker Platform

Mar 13 2020 // Beazley has made its flagship cyber product, Beazley Breach Response (BBR), available to brokers of small and medium-sized business through the myBeazley platform in the U.S., speeding up the time required to obtain a...

Beazley Adds Sanches as Underwriter in Southern California

Jan 29 2020 // Specialist insurer Beazley has appointed Justin Sanches as an underwriter within the U.S. healthcare liability team. Sanches joins Beazley’s Los Angeles, Calif., office to underwrite a range of global miscellaneous...

Beazley and RenaissanceRe Launch Cyber Catastrophe Cover Backed by Capital Markets

Jan 9 2020 // Specialist insurer Beazley and reinsurer RenaissanceRe have jointly launched a product that provides Beazley with additional catastrophe cover for cyber events. The majority of the security behind the deal will be provided...