Beazley Group

Last updated
Beazley PLC
Type Public limited company
LSE:  BEZ
FTSE 100 component
Industry Insurance
Founded1986
Headquarters London, United Kingdom
Key people
Adrian Cox (CEO)
ProductsLife, accident & health, marine, political risks & contingency, property, reinsurance, professional liability, management liability, environmental liability
RevenueIncrease2.svg $3,466.6 million (2022) [1]
Decrease2.svg $230.4 million (2022) [1]
Decrease2.svg $160.8 million (2022) [1]
Website www.beazley.com

Beazley PLC is the British parent company of specialist insurance businesses with operations in Europe, the US, and Asia. Beazley manages six Lloyd's syndicates. Beazley plc is incorporated in the UK. It is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index.

Contents

History

Beazley Group began life in 1986 as Beazley, Furlonge & Hiscox; Hiscox was bought out in 1992 and a full management buyout took place in 2001. [2] Andrew Beazley served as chief executive until September 2008 when he was succeeded by Andrew Horton. [3] Horton was succeeded by Adrian Cox in April 2021. [4]

Operations

Beazley underwrites a diverse book of insurance and reinsurance business for clients worldwide. Beazley's business is divided into five operating divisions: Cyber Risks, MAP risks (Marine, Aviation and Political Risks), Property Risks, Specialty Risks and Digital. Beazley is a market leader in many of its chosen lines, which include professional indemnity, directors and officers, crime, healthcare, property, environmental liability, cyber liability, marine, reinsurance, accident and life, and political risks and contingency business. [5]

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References

Beazley is an underwriter at the Lloyd's of London insurance market. Inside Lloyd's of London.jpg
Beazley is an underwriter at the Lloyd's of London insurance market.
  1. 1 2 3 "Annual Results 2022". Beazley Group. Retrieved 2 March 2023.
  2. "Beazley Syndicate Completes Management Buyout". Insurance Journal. 3 April 2001. Retrieved 8 April 2012.
  3. "David Andrew Horton". Businessweek. Retrieved 8 April 2012.[ dead link ]
  4. "Beazley confirms salary of incoming CEO Cox". Insurance Insider. 1 April 2021. Retrieved 16 February 2022.
  5. "Beazley strengthens US underwriting team for small to mid-sized businesses". Market Wired. 7 February 2017. Retrieved 16 April 2017.