Founded in 1986 as Beazley, Furlonge & Hiscox, Beazley was created in 1992 when Andrew Beazley and Nick Furlonge bought the business out. Since then the firm has grown into a US$5bn+ international specialty insurance group. The business is still UK listed without a parent company.
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From the early noughties, when Beazley placed a webcam on the box at Lloyd’s it has built a reputation for innovation and for standing out from the crowd. It always has something new going on, such as its recent establishment of the first cyber catastrophe bond, and being at the forefront of cyber insurance products and services. The business has sought to bring the concepts of innovation and great design to its brand. It places a strong emphasis on people, and its values of ‘Being bold’, ‘Striving for better’ and ‘Doing the right thing’ underpin its strategy. This approach has been at the heart of the firm since it was founded, and it’s culture is still referred to today in reverential terms by market participants young and old.
Beazley has built a truly differentiated specialty insurance brand; with the departure of Andrew Horton, its longstanding CEO in 2021, and a seamless transition to Adrian Cox as CEO. The group is growing fast, and today it has over USD5bn in gross written premium, over 1800 staff and 23 offices across the world. The big question is where next for a business that never fails to surprise?
Insurance. Just Different
Back in 1986 when we began, the US liability insurance market was in crisis. Things weren’t looking good. Not the best time to start a business, you might think. But at Beazley, we see every risk as an opportunity to do things differently.
Insights
Industry heavyweights back investment in claims talent after IACP-Gracechurch report
Beazley Honoured with 2024 Service Quality Marque for Eighth Consecutive Year
London’s Leading Underwriters 2024
The importance of a reputable brand with Bethany Greenwood
A dive into Beazley’s brand, culture, and exceptional service with Bob Quane
Armed against cyber risks; preventable cyber claims explained
Top Marine players in the market by usage: highlights from Gracechurch’s London Insurers Monitor 2023
London’s Leading Marine Underwriters 2023: top ranked underwriters
London’s Leading Marine Underwriters 2023: top ranked insurers
Leading the way
Beazley in five
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In the 2023 London’s Leading Underwriter report, Beazley received the overall bench strength award for the third year in a row.
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In 2023, Beazley was awarded the Service Quality Marque for its outstanding Claims performance for the 7th year running, with a good performance in all business lines and leading the market in War & Geopolitical Risks.
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Among placing/ producing brokers, Beazley ranks 1st for future consideration to lead or co-lead good quality new business.
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In Gracechurch’s research, Beazley is rated as providing one of the best on-site experiences for the broking community.
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Beazley leads the market as an employer with the highest ranking in Gracechurch’s Employer Brand Index, conducted among underwriters, claims professionals and other insurance professionals.
News
2024 London's Bench Strength Leader Revealed
We are delighted to announce that Beazley has been named London's Bench Strength Leader for the fourth consecutive year! 🏆 Congratulations to the entire team for this well-deserved title. 👏
2024 Claims Service Quality Marque achiever
Congratulations to Beazley for earning the Gracechurch Claims Service Quality Marque for the eighth consecutive year! All types of brokers rate Beazley's claims offering highly, and the quality service it offers for brokers and clients is translating into a strong Market reputation.
London’s Bench Strength Leaders 2023
With the most nominations across its underwriting team, we would like to congratulate Beazley for achieving the London’s Bench Strength Leader 2023 Award for the fourth time in a row. 🏆 A title well deserved!
Spotlight on Environmental Risk 2023
Beazley’s research 2023 Risk & Resilience research with 2,000 business leaders based in the UK, US, Canada and Singapore revealed that dealing with the immediate pressures of energy transition is providing a distraction from dealing with the immense and overarching threat posed by climate change.
Spotlight On Cyber and Technology Risks 2023 | beazley
Beazley’s latest Risk & Resilience report focuses on cyber and tech risk – which reveals that cyber risk is dropping down the risk agenda. The report asks the question can business leaders afford to let their guard down, when ransomware is on the rise and AI tools are creating new risks?
Beazley people
Bob Quane
Chief Underwriting Officer
An industry veteran with over 30 years of underwriting leadership experience, he joined Beazley in 2021 from AXIS Capital.
Beth Diamond
Group Head of Claims
Is responsible for the management and operational efficiency of Beazley’s high-performing global claims team servicing claims arising from a diverse group of specialty insurance lines.
Bethany Greenwood
Group Head of Specialty Risk
Joined Beazley in September of 2019 after 23 years in the brokerage industry focusing on client solutions in Management Liability, Errors & Omissions Liability, and Cyber insurance. Her focus is on growing and diversifying Beasley’s Specialty Risk products.
Paul Bantick
Global Head of Cyber & Technology Risk
Is responsible for the group’s cyber & technology business. He joined Beazley in 2005, and has extensive experience in underwriting cyber & tech exposures across many industries.
Tim Turner
Group Head of Marine, Accident & Political (MAP) Risks
Joined Beazley in 1998 to help establish the Marine team and in the intervening period has held a variety of roles including underwriter, Head of Hull & War and Head of Marine before taking on his current role in April 2022.
Richard Montminy
Group Head of Property Risks
Joined Beazley in 2019 from Zurich, and he is responsible for developing the company’s property strategy and leading teams in offices across the US, Singapore, Paris and the UK including Lloyd’s of London.
Ian Fantozzi
Beazley Digital
Was appointed CEO of Beazley Digital in March 2021. He is responsible for the underwriting of Beazley’s high volume, non-delegated global small commercial business, and the digital channels, technology and operations that underpin this business.
Lou Ann Layton
Group Head of Broker Relations and Marketing
She is responsible for Broker Relations and Marketing across the Group. She began her career in insurance as a management liability lines underwriter before turning to broking in 1987 when she joined Marsh in the US, where she held various senior positions before moving to Beazley.