International specialist insurer Beazley has revealed its plans to expand its footprint in Asia-Pacific, which includes increasing its local underwriting presence and applying its global expertise in meeting the specific needs of clients in the region.
According to a statement by Beazley, after establishing its Singapore hub in 2006, it built its presence and reputation with brokers and clients in Asia-Pacific, operating on the Lloyd’s Asia platform on both an insurance and reinsurance basis. The company also writes reinsurance business through Lloyd’s Insurance Company (China) Ltd and has a strategic partnership with Hong Kong-based managing general agent Pegasus, which underwrites financial lines risks on Beazley’s behalf.
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