Beazley

Beazley Reinsurance is the global reinsurance arm of Beazley plc, focused on treaty and facultative cover. It plays a leading role in cyber, property, and specialty lines. It is backed by strong underwriting results and disciplined risk selection.

History of Beazley Reinsurance

Beazley Reinsurance grew out of Beazley plc’s bold start during the 1986 US liability crisis. The company began with second-hand desks and a focus on solving hard problems. Its founders saw risk as a chance to think and act differently.

The following milestones shaped its journey into reinsurance innovation and leadership:

• 1986: established as Beazley, Furlonge & Hiscox named after founders Andrew Beazley, Nicholas Furlonge and Robert Hiscox
• 1992: Hiscox exits the partnership, leaving Beazley to continue under its own brand
• 2001: the company completes a management buyout to expand independently
• 2008: Andrew Horton becomes CEO, guiding Beazley through global growth years
• 2016: Beazley opens new offices in Singapore and Canada to support global reach
• 2021: Adrian Cox is appointed CEO, bringing renewed focus on specialty and cyber lines
• 2024: Beazley forms Beazley Security by merging its cyber services and Lodestone

They also sponsored Lloyd’s first 144A catastrophe bond through London Bridge Risk PCC. That same year, Beazley Reinsurance joined forces with Munich Re and Gallagher Re to launch a malware risk model.

Reinsurance products and services

Beazley Reinsurance offers a range of treaty and facultative solutions tailored for insurers worldwide:

• property treaty: covers catastrophe, per risk, and aggregate excess of loss reinsurance
• specialty treaty: provides quota share and excess of loss for cyber, D&O, and professional liability
• surety treaty: offers proportional and non-proportional reinsurance for surety bond insurers
• embedded reinsurance: delivers customized, embedded reinsurance solutions for SMEs and personal lines
• turnkey reinsurance: provides end-to-end reinsurance solutions, including policy forms and claims handling
• casualty clash: offers coverage for multiple casualty claims arising from a single event
• aggregate stop loss: limits total losses over a period, protecting against accumulation of claims

More than 80 percent of Beazley Reinsurance’s top clients have stayed for over 15 years. Its long-term focus helps cedants manage severe risks, black swan events, and shifting climate impacts.

Culture and core values

Beazley Reinsurance values bold thinking and doing what’s right, not just what’s easy. Its culture blends curiosity, teamwork, and a steady focus on building better outcomes for people and partners.

Work environment and benefits

Beazley Reinsurance builds inclusive teams shaped by bold, better, and right values. Staff pride shows in strong engagement scores and everyday collaboration. The firm provides employees with:

• smart working: hybrid model requires two in-office days, with flexible hours for ownership of time
• activity-based working: ABW offices offer tailored spaces for focus, collaboration, and knowledge-sharing across teams
• time and leave: global PTO, six months paid parental leave, flexible holidays, and sabbatical options
• health and wellness: includes medical insurance, mental health tools, and financial well-being support
• inclusive perks: lifestyle reimbursements, commuter benefits, and free lunch offered across many locations
• learning support: covers exam fees, degree programs, and professional qualification funding
• tech and setup: remote office allowance and tools provided for optimal hybrid work experience
• retirement and security: global pension or retirement plans, life assurance, and share savings schemes

Culture extras include healthy snacks, volunteer days, and matched giving to support community impact.

Inclusion and diversity

Beazley Reinsurance supports a culture where everyone can thrive and feel seen, valued, and heard. Staff-led networks and ally groups reflect its belief in open, inclusive spaces for all:

• Beazley Families: supports working parents and caregivers
• Beazley Neurodiversity: promotes neurodivergent inclusion and awareness
• Beazley Proud: empowers LGBTQ+ staff and allies
• Beazley RACE: champions racial equity and cultural inclusion
• Beazley SHE: supports gender balance and advancement
• Beazley Veterans: connects staff with military experience
• Beazley Wellbeing: focuses on mental health and resilience
• Beazley Young Professionals: offers early career support and mentoring

The company removes hidden barriers to growth and backs diverse thinking that supports long-term success.

Responsible business

Beazley Reinsurance aims to be a high-performing, sustainable specialist reinsurer. ESG goals are set, tracked, and reviewed often. Its strategy covers four pillars and nine key areas across the business.

The future at Beazley Reinsurance

The firm joined forces with Munich Re and Gallagher Re to tackle digital risk. Together, they built a cyber model focused on malware events and systemic threats. This malware-focused cyber risk model helps reinsurers better understand and manage fast-moving digital risks.

Investor demand for cyber insurance-linked securities continues to grow. Beazley sponsored key ILS deals like Cairney and PoleStar Re. Its leadership in cyber ILS market growth shows its focus on new capital, innovation, and smart growth.