Beazley and Hong Kong-based coverholder Pegasus Underwriting Limited (PUL) have entered into a financial lines capacity arrangement, as part of the global specialist insurer’s bid to expand its insurance offering in the Asian markets.
According to a statement by Beazley, the partnership seeks to harness PUL’s knowledge of the market and its broking relationships and combining it with Beazley’s expertise in underwriting specialist risks and capacity across professional indemnity, directors & officers, cyber, and medical malpractice lines. The arrangement will enhance Beazley’s ability to serve brokers in Hong Kong from its existing underwriting hub in Singapore.
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