Reinsurance News
Beazley news
News on Beazley, the London-market headquartered specialty insurance and reinsurance company.
AI the biggest challenge facing digital health and wellness firms: Beazley
26th September 2024
Beazley, the specialist insurer, has revealed AI to be the biggest challenge facing digital health and wellness firms globally as they ramp up its integration into their systems. Beazley's Digital Health & Wellness 2024 report is a survey of 600 industry executives in six countries across Europe, North America and Asia ... Read the full article
New non-profit Humanity Insured aims to insure 3.6 billion people against climate disasters
19th September 2024
Humanity Insured, a new UK and US non-profit organisation, has launched with the mission of empowering vulnerable communities to become more resilient to the impacts of climate change through the use of effective insurance solutions. Howden, a global insurance intermediary, spearheaded the creation of Humanity Insured, bringing together key players from ... Read the full article
Businesses’ preparedness against cyber threats beginning to shrink: Beazley
10th September 2024
Beazley, a specialist insurer, has released its Risk & Resilience report, Spotlight on Cyber & Technology Risk 2024, which explores global business views on cybercrime, tech obsolescence, disruptions, and intellectual property risks amid rapid technological change. Over the past year, the cyber threat landscape has grown more challenging due to the ... Read the full article
Beazley appoints Swiss Re’s Chris Merl as Country Manager, DACH
4th September 2024
Specialist insurer Beazley has announced the appointment of Christopher (Chris) Merl as Country Manager for the DACH region (Germany, Austria, and Switzerland). In addition to this role, Merl will also serve as Head Partner Engagement, DACH. Based in Munich, he will focus on driving Beazley’s European strategy, with a strong emphasis ... Read the full article
Beazley delivers record H1 profit of $728.9m despite worlds largest IT outage
8th August 2024
London-headquartered insurer Beazley has announced a significant rise in its H1 2024 profit before tax, reaching $728.9 million, a sharp increase from the $366.4 million recorded in H1 2023, while the company's undiscounted combined ratio improved to 81%, down from 88% in the same period last year. These gains were achieved ... Read the full article
Beazley appoints Jessica Schappell as Head of APAC
29th July 2024
Specialist insurer Beazley has announced the appointment of Jessica Schappell as Head of Asia Pacific (APAC). In her new role, Schappell will report directly to Paul Bantick, Global Head of Cyber Risks at Beazley. She will be responsible for leading the APAC business to achieve Beazley’s growth plans in the region ... Read the full article
No change to current combined ratio guidance from global IT outage: Beazley
23rd July 2024
Beazley has noted that despite its position as a leading cyber insurer, the recent global IT outage event will not change its current undiscounted combined ratio guidance of low-80s for its full year 2024 results. For those unaware, the outage was caused by a security company called CrowdStrike, which sent out ... Read the full article
BI claims the likely focus of insured losses from Microsoft IT outage, say analysts
19th July 2024
Following today's Microsoft Cloud outage, analysts currently expect business interruption claims to drive the bulk of insurance industry losses, and question whether this could be the litmus test for cyber underwriters, notably UK headquartered, specialist insurer Beazley. One of the largest-ever IT outages hit companies across the world today, causing significant ... Read the full article
AM Best revises outlook for Beazley subsidiaries to stable
19th July 2024
Global credit ratings agency AM Best has revised the outlook to stable from positive for the Long-Term Issuer Credit Ratings (Long-Term ICR), and also affirmed the Financial Strength Ratings (FSR) of A (Excellent) and the Long-Term ICR's of “a+” (Excellent) of specialist re/insurer Beazley’s subsidiaries. The subsidiaries include: Beazley Insurance Designated ... Read the full article
Michèle Horner appointed Country Manager for France & Monaco, Beazley
4th July 2024
Specialist insurer, Beazley, has appointed industry veteran Michèle Horner as Country Manager for France and Monaco, where she will be based in Paris, effective immediately. In the role, Horner will be expected to focus on developing Beazley's business in France, while also retaining her current role within the Distribution Team as ... Read the full article
Beazley names Sam Franks Country Manager for UK & Ireland
3rd July 2024
Specialist insurer Beazley has announced the appointment of Sam Franks as Country Manager, UK & Ireland, effective immediately. In his new role, based in Birmingham, Franks will focus on the development of Beazley’s UK and Irish regional business outside the Lloyd’s market. At the same time, he will also retain his current ... Read the full article
Beazley names Lucien Mounier as Head of Europe, Cyber Risks
2nd July 2024
Specialist insurer Beazley has appointed Lucien Mounier as Head of Europe, Cyber Risks. Reporting to Alessandro Lezzi, Head of International Cyber Risks, Mounier will be responsible for the establishment and oversight of Beazley’s cyber portfolio and team across Europe. Having served as Beazley’s Head of Asia Pacific (APAC) for six years, ... Read the full article
Beazley Security goes live as an integrated cyber risk management firm
25th June 2024
Beazley Security has gone live as an integrated cyber risk management company following the merger, announced in February 2024, of Beazley’s in-house cyber services team and its wholly owned cyber security company, Lodestone. Beazley Security has launched with an expanded portfolio of services, including a new Managed eXtended Detection & ... Read the full article
Beazley appoints Barbara Plucnar Jensen to its Board as CFO
22nd May 2024
Specialty insurer Beazley has announced the appointment of Barbara Plucnar Jensen to its Board as Chief Financial Officer (CFO). Adrian Cox, Beazley's CEO, previously mentioned this during the firm's full-year results, stating, “I am pleased that Barbara Plucnar Jensen will become our CFO on 1 May 2024, the depth and ... Read the full article
There is plenty more to come for the Cyber ILS market: Norris, Gallagher Securities
20th May 2024
With Beazley securing an additional $160 million of reinsurance with its second 144A cyber catastrophe bond, PoleStar Re Ltd. (Series 2024-2), as we reported last Friday, Theo Norris, Head of Cyber ILS, Gallagher Securities, has said that there is "plenty more to come for the Cyber ILS market." Gallagher ... Read the full article
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