Specialist insurer Beazley has recruited three senior underwriters from XL Catlin to boost the growth of its specialty lines business in Europe.
Gerard Bloom, XL Catlin’s chief underwriting officer, will join Beazley’s specialty lines division later this year to lead its expansion outside the US.
Bloom will work with Martin Bride, the head of Beazley’s European strategic growth initiative.
Beazley has also hired Bloom’s colleagues at XL Catlin, Neale Stevenson and Darren Keane, to head the insurer’s new financial institutions team.
According to Beazley, Europe will be a major focus for the financial institutions team, which is expected to grow in the months ahead.
The financial institutions team will also target new business opportunities in the specialty lines, including management liability, professional indemnity and cyber in the Asia Pacific and Latin America.
"Continental Europe is currently a far smaller market for Beazley than the United States, and the same is true of Asia Pacific and Latin America,” said Adrian Cox, head of Beazley's specialty lines division.
“But we see similarly strong demand for our specialist underwriting expertise, unique products, and high quality claims service,” he added.
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