‘Sextortion’ Is Emerging Cyber Risk for Businesses, Warns Beazley

Article 0 Comments A new form of online bribery is emerging where cyber criminals attempt to extort cryptocurrency by claiming to have potentially embarrassing evidence of people using adult websites on work computers, according to a report issued by Beazley Breach Response (BBR) Services. So-called “sextortion” is adding to the […]

Ascot and Beazley Launch $50M Insurtech-Linked Cargo Consortium for SMEs

Article 0 Comments Ascot and Beazley announced the launch of a Lloyd’s-based cargo consortium, which uses insurtech solutions to help manage risk and claims performance. Led by Ascot and Beazley, the consortium brings together a range of cargo carriers that will provide a maximum of $50 million capacity. It is […]

New Beazley Environmental Liability Coverage Targets Banks, Lenders

Article 0 Comments Specialist insurer Beazley has launched site lender environmental asset protection (SLEAP) cover to protect banks and other lenders from pollution risks that could seriously impair the value of property used as collateral for commercial loans. In the event of both a loan default and the discovery of […]

Beazley Appoints Sheehan as Underwriter Based in Massachusetts

Article 0 Comments Beazley has expanded its healthcare management liability team with the appointment of Jack Sheehan as an underwriter based in Boston, Mass. Sheehan brings 15 years of financial lines insurance experience in both broking and underwriting to this role. He previously held the positions of vice president of […]

AXA Real Estate Unit Confident About Its London Skyscraper, Despite Brexit Uncertainty

Article 0 Comments It was a tricky time for the commercial real estate business in London. Within days, Britons would be voting on whether to remain in the European Union or leave. The French insurance giant AXA SA was trying to figure out how the outcome would affect its investments […]

Beazley Boosts Healthcare Management Team with Goetz in Chicago

Article 0 Comments Beazley has expanded its healthcare management liability team with the appointment of Greg Goetz as complex claims manager. Goetz will be based in Chicago, Ill. Goetz was previously a financial lines complex claims analyst at Allianz Global Corporate & Specialty. He spent a decade as defense attorney […]

Beazley Adds QBE’s Lever to Marine Underwriting Team in Houston

Article 0 Comments Beazley has appointed Reese Lever as a U.S. marine underwriter for the Southwest region. Reese joins Beazley’s office in Houston, Texas, from QBE where he was a vice president, marine, based in the same city. A seasoned all lines marine underwriter, he is responsible for the development […]

London Market Group to Offer Faster Solution for Coverholder Approval

Article 0 Comments The London Market Group (LMG) announced that a contract has been signed with Sequel to deliver a faster and more efficient solution for approving and registering coverholders, and a new integrated tool for generating delegated authority binder contracts. This is a core part of the London Market […]

UK Insurers Push Ahead with Brexit Plans in Absence of Trade Deal: A.M. Best Report

Article 0 Comments In the absence of a Brexit trade deal between the United Kingdom and the European Union, insurers in the UK have accelerated their plans to establish new EU subsidiaries and ensure business continuity after Brexit, according to a report published by A.M. Best. The ability to continue […]