Spotlight

Beazley

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The need for measurement of impact is going to define the next five or six years in the industry.

Ben Bolton

Managing Director at Gracechurch Consulting

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.

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.

Play

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?

  1. In the 2023 London’s Leading Underwriter report, Beazley received the overall bench strength award for the third year in a row.
  2. In 2023, Beazley was awarded the Service Quality Marque for its outstanding Claims performance for the 7th year running.
  3. Among placing/ producing brokers, Beazley ranks 1st for future consideration to lead or co-lead good quality new business.
  4. In Gracechurch’s research, Beazley is rated as providing one of the best on-site experiences for the broking community.
  5. Beazley leads the market 
as an employer with the highest ranking in Gracechurch’s Employer Brand Index

People

Adrian Cox
Beazley CEO

Adrian began his career at Gen Re in 1993 writing short tail facultative reinsurance before moving to the treaty department in 1997, where he wrote both short and long tail business specialising in financial lines. He joined Beazley in 2001 where he has performed a variety of roles, including underwriting manager, building the long tail treaty account, managing the private enterprise teams, and the large risk teams before taking responsibility for Specialty Lines in 2008. He became Chief Underwriting Officer in January 2019, and was appointed Chief Executive Officer in April 2021, and he sits on both the Beazley Furlonge Ltd and Beazley Plc boards.

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.