Beazley Group overview

Beazley plc is the parent company of specialist insurance businesses with operations in Europe, the US, Canada, Latin America, Asia, the Middle East and Australia. Beazley Group began life in 1986 as Beazley, Furlonge & Hiscox, which was bought out by Andrew Beazley and Nicholas Furlonge in 1992. 

Beazley’s business is divided into six operating divisions: life, accident & health, marine, political risks & contingency, property, reinsurance and specialty lines, and Cyber and Executive Risk. 

Through the Lloyd's broker network and the market's trading licenses, Beazley are able to access a wide range of insurance and reinsurance businesses from around the world. In 2017, the company underwrote gross worldwide premiums of $2,343.8million, up from $2,195.6 million in 2016.

In the US, their underwriters handle specialist insurance products, backed by Beazley Insurance Company, Inc., a licensed P&C carrier covering all 50 states. Over three decades Beazley has evolved from a specialist Lloyd's syndicate transacting business at Lloyd's in London to a global insurer with offices across the globe.

Beazley is currently expanding its presence in Asia-Pacific, developing new solutions in cyber & technology, accident & health, M&A and specialty treaty. The company first established its Singapore hub in 2006, and already offers a range of products in the area, including property, marine, financial lines and more.

In 2019 the company launched site lender environmental asset protection (SLEAP) cover to protect banks and other lenders from pollution risks that could seriously impair the value of property used as collateral for commercial loans. In the event of both a loan default and the discovery of environmental contamination on a property, the policy will cover either the estimated clean-up costs or the loan balance, whichever is lower. The policy also pays clean-up costs for environmental contamination at properties owned by the lender as the result of a foreclosure.

In the same year, Beazley revealed it was launching a suite of cyber risk management services for international cyber policyholders to help mitigate risk. The suite includes onsite incident-response workshops, access to Beazley's risk management portal  and more.

Map showing the location of Beazley Group

London, United Kingdom

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Key people

Neil Maidment Chief Underwriting Officer
Andrew Horton CEO
Martin Bride Group Finance Director
Andrew Pryde Chief Risk Officer
Ian Fantozzi Group Chief Operating Officer
Ben Spencer Group Chief Information Officer
Bradley O'Connor Head of Operations Technology Platforms