Beazley: Everything you need to know
|22 Bishopsgate, London EC2N 4BQ, United Kingdom|
|Gross written premiums||US$5,268.7 million|
|Underwriting expertise||Property; marine; specialty lines; life, accident & health; professional liability; management liability; environmental liability; cyber; reinsurance|
|Key people||Adrian Peter Cox (CEO), Ian Fantozzi (CEO – Beazley Digital), Rob Anarfi (chief risk officer), Troy Dehmann (chief operating officer), Bob Quane (chief underwriting officer), Paul Bantick (global head of cyber risks), Rachel Turk (group head of strategy), Beth Diamond (group head of claims), Bethany Greenwood (group head of specialty risks), Sally Lake (group finance director), Lou Ann Layton (group head of broker relations & marketing), Richard Montminy (group head of property risks), Tim Turner (group head of MAP risks), Pippa Vowles (head of culture & people)|
|Financial strength||A (Excellent) – AM Best; A+ (Strong) – Standard & Poor’s|
Beazley is a specialist insurer with clients around the world. The organisation is a participant in the Lloyd’s market, and through the Lloyd’s broker network and the market’s trading licenses, Beazley has access to a wide range of insurance and reinsurance businesses from around the world.
Beazley plc is the parent company of the Group and its business is transacted through six divisions that each have their distinct area of expertise. These include cyber and executive risk; marine; political, accident and contingency; property; reinsurance; and specialty lines.
Beazley in the news
March 2021: Beazley appoints new CEO
March 2021: Beazley launches D&O coverage for SPACs
June 2021: Beazley expands telehealth offering
July 2021: Beazley taps new COO
July 2021: Beazley enhances Virtual Care policy
July 2021: Beazley delivers financial results turnaround
August 2021: Beazley names head of new specialty risks team
August 2021: Beazley names head of US cyber and tech
September 2021: Beazley names global head of cyber services
September 2021: Beazley names group head of strategy
September 2021: Beazley taps new CUO
October 2021: Beazley establishes first Lloyd's ESG syndicate
January 2022: Beazley expands crisis response team
February 2022: Beazley launches digital trading division
February 2022: Beazley flips a loss into major profit in full-year results
February 2022: Beazley adds senior leaders to cyber team
March 2022: Beazley updates underwriting team structure
April 2022: Beazley names head of cyber services – international
May 2022: Beazley reveals Q1 2022 trading update
May 2022: Beazley launches cyber incident response platform
May 2022: Beazley taps new head of North America commercial property
June 2022: Beazley shakes up international management liability team
June 2022: Beazley launches D&O product for crypto space
June 2022: Beazley joins Marsh ESG Risk Rating line-up
July 2022: Beazley reveals H1 2022 results
July 2022: Beazley chair to step down
August 2022: Beazley strengthens North American commercial property team
September 2022: Beazley launches new online portal for Weather Guard product
Adrian Cox – CEO
Cox was appointed CEO in March 2021. He launched his insurance career at Gen Re in 1993, writing short tail facultative reinsurance, before moving on to the treaty department in 1997, where he wrote both short and long tail business specializing in financial lines.
Cox then joined specialty lines at Beazley in 2001, and has since performed many roles, including building the long tail treaty account, managing the private enterprise teams, leading as the underwriting manager, and overseeing the risk teams. He later took responsibility for specialty lines at the company in 2008. He was appointed to the boards of Beazley Furlonge Ltd in 2008, and Beazley plc in 2011.
Ian Fantozzi – CEO – Beazley Digital
Fantozzi came onboard at Beazley in 2003 and was appointed to lead the newly formed digital business unit in February 2021. Prior to this, he served as group COO since July 2011, where he was responsible for IT, outsourcing, procurement, office space, facilities, project management, as well as underwriting and claims operations.
In fact, Fantozzi got his start at Beazley as the IT programme manager, and later moved to the marine side in 2006 as operations manager. In 2008, he became head of UCO for the UK and non-US offices. In total, he has more than 15 years of experience in the insurance industry.
Beazley’s founders Andrew Beazley and Nick Furlonge set out to start a different insurance company that had a strong culture of teamwork and was able to slice through the complexities present in insurance by bringing straight answers and progressive thinking to the industry and its clients. Beazley’s values are based on professionalism, integrity, and being effective as well as dynamic, and this is how to company aims to treat both its customers and employees.
Present count now under 15
Membership count dives to under 20
Key hire part of London Market Group, Lloyd’s Market Association boards
New exec will oversee global data strategy and governance across the company
Chief executive "confident of delivering our full-year guidance"