Beazley Group

Beazley Group
Public (LSE: BEZ)
Industry Insurance
Founded 1986
Headquarters London, United Kingdom
Key people
 Andrew Horton (CEO)
Products Life, accident & health, marine, political risks & contingency, property, reinsurance, professional liability, management liability, environmental liability
Revenue $1,894.0 million (2016)[1]
$308.4 million (2016)[1]
Profit $251.0 million (2016)[1]
Website www.beazley.com

Beazley plc is the parent company of specialist insurance businesses with operations in Europe, the US, Asia, Middle East and Australia. Beazley manages six Lloyd's syndicates. All Lloyd’s syndicates are rated A (Excellent) by A.M. Best and also benefit from the Lloyd's chain of security. Beazley plc is incorporated in Jersey and tax resident in Ireland. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.

History

Beazley Group began life in 1986 as Beazley, Furlonge & Hiscox; Hiscox was bought out in 1992 and a full management buyout took place in 2001.[2] Andrew Beazley served as chief executive until September 2008 when he was succeeded by Andrew Horton.[3]

Operations

Beazley underwrites a diverse book of insurance and reinsurance business for clients worldwide. Beazley’s business is divided into six operating divisions: life, accident & health, marine, political risks & contingency, property, reinsurance and specialty lines (professional, management and environmental liability). Beazley is a market leader in many of its chosen lines, which include professional indemnity, property, environmental liability, cyber liability, marine, reinsurance, accident and life, and political risks and contingency business.[4]

References

Beazley is an underwriter at the Lloyd's of London insurance market.
  1. 1 2 3 "Annual Results 2016" (PDF). Beazley Group. Retrieved 16 April 2017.
  2. ↑ "Beazley Syndicate Completes Management Buyout". Insurance Journal. 3 April 2001. Retrieved 8 April 2012.
  3. ↑ "David Andrew Horton". Businessweek. Retrieved 8 April 2012.
  4. ↑ "Beazley strengthens US underwriting team for small to mid-sized businesses". Market Wired. 7 February 2017. Retrieved 16 April 2017.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.