Beazley has made a strategic investment in Hong Kong-based coverholder Pegasus Underwriting Ltd, resulting in the specialist insurer gaining a 30% stake in the company.
In a statement, Beazley said that it began working with Pegasus in January under an arrangement that combined the coverholder’s knowledge of the market and its strong broking relationships with Beazley’s global expertise in financial lines, including professional indemnity, directors’ & officers’, cyber and medical malpractice liability insurance.
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