Video: The BI Interview with Roddy Barnett of Beazley

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Beazley rolls out D&O policy for crypto firms

Beazley PLC said Wednesday it has introduced CryptoGuard, a directors and officers liability insurance policy tailored specifically for crypto companies. The policy offers up to $10 million in coverage for public companies and up to $5 million for private companies. Beazley said the policy offers coverage for every phase of an organization’s life cycle, from … Read more

Beazley wins property ruling against policyholder

A federal appeals court affirmed a lower court ruling in favor of a Beazley PLC unit in litigation filed by a property owner, holding that the policyholder’s request for additional insurance proceeds was too late.  South Hamilton, Massachusetts-based Railroad Avenue Properties LLC owns property in Millbury, Massachusetts, for which it obtained coverage from Beazley unit … Read more

Beazley Announces MacCabe Retirement, Wheeler and Pereira Promotions for Int’l Mgmt. Liability; Gallagher Re Names 6 Senior Execs for APAC Region

This edition of International People Moves details appointments at Beazley and Gallagher Re. A summary of these new hires follows here. Beazley Announces MacCabe Retirement, Wheeler and Pereira Promotions for Int’l Management Liability Beazley announced that Catherina MacCabe, focus group leader International Management Liability (IML), Specialty Risk, is to retire and that Oliver (Oli) Wheeler … Read more

Beazley names head of North America commercial property

Beazley PLC on Friday named Matthew Westhoff to the newly created role of head of North America commercial property. Mr. Westhoff, who is based in New York, joined Beazley in 2019 as head of its U.S. large commercial property business. Prior to that he held various leadership roles at Berkshire Hathaway Specialty and American International … Read more

Beazley unveils online cyber incident response platform

Beazley PLC said Tuesday it is introducing an online incident response platform for U.S. cyber policyholders. Beazley said in its statement the platform will serve as a central location to monitor and manage incidents and centralize communications between the policyholder, Beazley and specialist service providers. Beazley said its incident rooms will offer a secure collaboration … Read more

Beazley brings Safeguard sexual abuse cover to Australia – Corporate – Insurance News

UK-based Beazley has extended its Safeguard offer, which helps businesses minimise the risk of sexual abuse within their organisations, to the Australian market. Safeguard Australia provides abuse insurance as well as prevention and crisis response services. It is suitable for education, not for profit, transportation, healthcare, religious institution and leisure sectors, among others, and is … Read more

Beazley earmarks $50 million for losses from Ukraine conflict

(Reuters) – Beazley PLC said on Friday it had set aside about $50 million for expected losses related to the Russia-Ukraine crisis, after the British insurer reported a surge in quarterly gross written premiums. The British insurance industry had been recovering from hefty pandemic-related claims, thanks to rising premium rates, before sanctions on Russia and the devastation in … Read more