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 business has grown into a c.$3.5bn international specialty insurance business. The business is still a UK listed business 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 in a largely conservative, me-too industry. Beazley always has something new going on, such as its recent establishment of an underwriter-less syndicate and being at the forefront of cyber insurance products and services. The business has sought to bring the concepts of innovation and beautiful design to its brand through its sponsorship of the Design Museum in London. It places a strong emphasis on people, culture and values which goes back to the original founders, still today referred to 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 the appointment of Adrian Cox, the only question now is where next for a business that never fails to surprise?
Notable leading underwriters:
Tim Garratt (Marine) “Very highly respected and a pleasure to deal with.”
Katie Caris-Harris (A&H) “Knowledgeable and understanding.”
Simon Jackson (Property) “ A tough negotiator who generates support on a placement.”