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Beazley hires medical professional liability expert Joseph Washington

Retrieved on:

Wednesday, November 17, 2021

Hospital, Central Bank of Ireland, Fitch, Berkshire Hathaway, Beazley, Risk, GLOBE, Central bank, Organization, Life, Risk management, Reinsurance, Insurance

Farmington, CT, Nov. 17, 2021 (GLOBE NEWSWIRE) -- As specialist insurer Beazley moves to expand its Hospital Professional Liability portfolio in the United States, Joseph Washington has been appointed Underwriter for US Hospitals, beginning his role on Monday, November 15 2021.

Key Points:

Farmington, CT, Nov. 17, 2021 (GLOBE NEWSWIRE) -- As specialist insurer Beazley moves to expand its Hospital Professional Liability portfolio in the United States, Joseph Washington has been appointed Underwriter for US Hospitals, beginning his role on Monday, November 15 2021.
With over 25 years of medical professional liability experience, gained at Berkshire Hathaway and Zurich, Joseph has specialised in providing this type of coverage for hospitals throughout his career and brings with him a wealth of expert knowledge and experience in the field.
Naturally, I am very much looking forward to working with them to open distribution for Hospital Professional Liability here in the states.
Beazley is a market leader in many of its chosen lines, whichinclude professional indemnity, cyber, property, marine, reinsurance, accident and life, and political risks and contingency business.

Beazley rolls Product Recall insurance out to the Canadian market

Retrieved on:

Monday, November 15, 2021

Central Bank of Ireland, Fitch, Beazley, Commerce, Central bank, GLOBE, Life, Insurance, Reinsurance

Toronto, Nov. 15, 2021 (GLOBE NEWSWIRE) -- Beazley launched its Product Recall product offering to the Canadian market today the latest specialty insurance product in its expanding portfolio in Canada.

Key Points:

Toronto, Nov. 15, 2021 (GLOBE NEWSWIRE) -- Beazley launched its Product Recall product offering to the Canadian market today the latest specialty insurance product in its expanding portfolio in Canada.
Expert underwriter Evan Pollock joined Beazley as Lead Product Recall Underwriter last month, bringing with him a wealth of experience in Product Recall, further enhancing the proposition.
Commenting on the rollout, he said: Our Product Recall team has been diligently working over the last several months on creating an innovative Product Recall insurance solution that provides what clients need to help protect their businesses and customers.
In the admitted market, coverage is provided by Beazley Insurance Company, Inc., an A.M. Best A rated carrier licensed in all 50 states.

Lodestone Security expands operations into Europe and opens office in London

Retrieved on:

Tuesday, October 19, 2021

Central bank, Beazley, Life, IBM, Â, Fitch, Lodestone, X-Force, CEO, GLOBE, Central Bank of Ireland, Risk management, Reinsurance

London, Oct. 19, 2021 (GLOBE NEWSWIRE) -- Lodestone Security, a leader in cyber defence and incident response in the US, is expanding its global reach by opening an office in London.

Key Points:

London, Oct. 19, 2021 (GLOBE NEWSWIRE) -- Lodestone Security, a leader in cyber defence and incident response in the US, is expanding its global reach by opening an office in London.
Established in 2017 by Beazley, Lodestone was created in response to the increasing need for cyber securityservices for small and mid-sized firms.
Lodestone helps its clients mitigate business and reputational risk, through a human-based approach to cyber security, digital forensics, and incident response.
Beazley plc (BEZ.L) is the parent company of specialist insurance businesses with operations in Europe, United States, Canada, Latin America and Asia.

Beazley launches Lloyd’s first ESG syndicate

Retrieved on:

Monday, October 18, 2021

D&O, Syndicate, Central bank, Insurance, Life, GLOBE, Â, Beazley, D, Central Bank of Ireland, ESG, CEO, Health, Fitch, Television, Reinsurance

Syndicate 4321, which has been established under the Lloyds Syndicate In A Box (SIAB) framework, will operate a consortium arrangement led by Syndicates 623/2623.

Key Points:

Syndicate 4321, which has been established under the Lloyds Syndicate In A Box (SIAB) framework, will operate a consortium arrangement led by Syndicates 623/2623.
Eligible clients that can meet the standards of the ESG rating scoring criteria will be able to access additional capacity from Syndicate 4321.
Adrian Cox, CEO, Beazley, said: By creating the first specialist ESG syndicate at Lloyds, Beazley is taking an early step in delivering our commitment to embed ESG across our organisation, including our underwriting.
Beazley has a track record of creating innovative underwriting vehicles and Syndicate 4321 delivers this to clients that have already achieved ESG standards.

The Jackson Laboratory appoints Dr. Lon Cardon as its next president and chief executive officer

Retrieved on:

Monday, October 4, 2021

Effective on November 29, Cardon will succeed current President and CEO Edison Liu, M.D., who will step down after a decade of leadership.

Key Points:

Effective on November 29, Cardon will succeed current President and CEO Edison Liu, M.D., who will step down after a decade of leadership.
We are now thrilled to appoint Lon as the next president and CEO of JAX.
Under his leadership, Lon will guide the Laboratory as it propels into its next intense period of growth.
Cardon joined BioMarin in September 2017 as chief scientific officer and senior vice president and was promoted in 2019 to chief scientific strategy officer to enrich BioMarins pipeline.

Beazley appoints industry veteran as Chief Underwriting Officer

Retrieved on:

Friday, September 24, 2021

Insurance, Central bank, AIG, Â, CUO, Health, AXIS Capital, Beazley, Central Bank of Ireland, CEO, Life, Leadership, GLOBE, Fitch, Financial services, Reinsurance

London, Sept. 24, 2021 (GLOBE NEWSWIRE) -- Beazley has announced the appointment Bob Quane as its new Chief Underwriting Officer (CUO), subject to regulatory approval.

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London, Sept. 24, 2021 (GLOBE NEWSWIRE) -- Beazley has announced the appointment Bob Quane as its new Chief Underwriting Officer (CUO), subject to regulatory approval.
Quane, an industry veteran, with over 30 years of underwriting leadership experience, moves from AXIS Capital where he was CUO of the insurance segment.
His extensive global experience will be invaluable as we continue to develop our business in both our established and growth markets.
Bob Quane commented: The opportunities for an entrepreneurial, specialist underwriting firm like Beazley are considerable.

Beazley announces new Global Head of Cyber Services

Retrieved on:

Thursday, September 16, 2021

Knowledge, Fitch, Global, Technology, GTRI Cyber Technology and Information Security Laboratory, COVID-19, Ecosystem, Â, International Management Institute, New Delhi, Risk management, Central Bank of Ireland, GLOBE, Face, Central bank, BBR, Life, Reinsurance

London, Sept. 16, 2021 (GLOBE NEWSWIRE) -- Sanchez, currently International Manager of Beazley Breach Response Services, assumes his new Global Head of Cyber Services role on the 1st October, and joins the Global Cyber & Tech Management Team.

Key Points:

London, Sept. 16, 2021 (GLOBE NEWSWIRE) -- Sanchez, currently International Manager of Beazley Breach Response Services, assumes his new Global Head of Cyber Services role on the 1st October, and joins the Global Cyber & Tech Management Team.
Beazley is a market leader in cyber insurance, and Sanchez has been integral to the development of Beazleys breach response services, which are a key element of the Beazley Breach Response (BBR) product that was launched in 2009.
The pre and post loss services that BBRs reputation has been built upon continue to develop, and are increasingly important in the face of rising global cyber threats and severity of attacks.
Paul Bantick, Global Head of Cyber & Technology at Beazley, said: We have created the new role of Global Head of Cyber Services to further enhance our commitment to underwriting cyber exposure, and harnessing data and technology to equip clients with the best possible risk management tools.

Beazley research shines a light on attitudes to technology risk and resilience since the pandemic

Retrieved on:

Monday, September 13, 2021

Paul Bantick, Global Head of Cyber and Technology at Beazley said: Technology risk ranking as highly as it does even during a pandemic is very telling.

Key Points:

Paul Bantick, Global Head of Cyber and Technology at Beazley said: Technology risk ranking as highly as it does even during a pandemic is very telling.
This research gives us useful insights into how leaders view technology risks, and their perceived resilience to them.
*This deep dive report follows the publication of previous top level risk and resilience reports that provide a benchmark for business resilience to and appetite for technology, business, political & economic and environmental risk post pandemic.
Fully 37% rank technology their top risk category with business risk coming second at 33%, followed by environmental risk (including pandemic) at 18% and political & regulatory risk at 12%.

Beazley appoints new head of US Cyber & Tech

Retrieved on:

Tuesday, August 17, 2021

Limiting factor, Life, Fitch, Chubb Limited, Central bank, Risk, Head, Hartford, Connecticut, Organization, Central Bank of Ireland, Risk management, Weapon, Reinsurance, Insurance

Specialist insurer Beazley has appointed Patricia Kocsondy as Head of US Cyber & Tech.

Key Points:

Specialist insurer Beazley has appointed Patricia Kocsondy as Head of US Cyber & Tech.
Kocsondy, a highly experienced cyber underwriter and manager, comes from Chubb, where she served as senior vice president, errors & omissions (E&O) and cyber underwriting, for Chubb Limiteds North American Financial Lines.
With Patricias leadership in the US, we look forward to continuing to strengthen our experienced cyber & tech practice as we evolve and enhance our 360 cyber protection and risk mitigation services for our clients, said Paul Bantick, Head of Global Cyber & Tech at Beazley.
Based in New York, Kocsondy will report to Bantick and focus on middle market and large risk cyber & tech underwriting in the US.

Beazley promotes Florian Beerli to head newly formed Specialty Risks & US Programs team

Retrieved on:

Tuesday, August 3, 2021

Actuarial science, Insurance, Beerli, Underwriting

Farmington, CT, Aug. 03, 2021 (GLOBE NEWSWIRE) -- Specialist insurer Beazley has named Florian Beerli as the head of the newly named Specialty Risks & US Programs team.

Key Points:

Farmington, CT, Aug. 03, 2021 (GLOBE NEWSWIRE) -- Specialist insurer Beazley has named Florian Beerli as the head of the newly named Specialty Risks & US Programs team.
Within Specialty Risks & US Programs is a suite of products that are niche by nature, and that require wide underwriting and claims expertise in order to navigate the nuances of the industries these policies cover.
US Specialty Programs bespoke programs designed for a variety of specialty risk categories for professional and general liability risks in the US.
Florian Beerli said: Bringing together this team of technical and knowledgeable experts from across these specialty product areas, enables us to pool ideas and develop an environment of innovation for future insurance solutions.