Beazley Group is a specialist insurance business with operations in Europe, the US, Asia and Australia. Beazley manages five Lloyd's syndicates and in 2010 underwrote gross premiums worldwide of $1,741.6 million. All Lloyd's syndicates are rated A by A.M. Best.
Beazley's global business is transacted through six divisions: life, accident and health, marine, political risks and contingency, property, reinsurance, and speciality lines. The diversity of Beazley's portfolio and the expertise of the group's underwriters have supported an unbroken 24-year record of profitability.
With an experienced team of leading underwriters who have been together since the early 1990s, our personal accident and speciality life business is written on both an insurance and reinsurance basis and covers a number of niche classes, including sports disability.
We participate in the insurance of approximately 13.5% of the world's ocean-going tonnage and are the prominent leader of voyage and tow business in the London market. We insure 35% of the top 200 global oil and gas companies and are a major lead for upstream energy clients. Beazley also has extensive experience insuring a wide variety of cargoes, including particularly valuable items such as fine art.
In addition to traditional lines such as contract frustration, expropriation and credit, we insure a growing number of businesses against terrorism and political violence.
Our contingency team is one of the strongest in the London market. We specialise in event cancellation - writing everything from weddings to world cup events.
We've protected clients ranging from Fortune 1000 companies to homeowners through 18 years of natural and man-made catastrophes.
In addition to the worldwide commercial property business we write at Lloyd's, we also underwrite construction and engineering risks worldwide, commercial property risks locally in the US, as well as high-value homeowners risks in the US and the UK.
The reinsurance team specialises in writing worldwide property catastrophe, per risk, aggregate excess of loss and pro-rata business as well as casualty clash.
More than 80% of our top 20 clients have reinsured with us for 16 years or more.
Speciality lines comprises professional liability and management liability risks underwritten for clients, on both a primary and excess basis, in North America, Europe and around the world.
Our US clients are served both by our underwriters at Lloyd's and by our local US-based underwriters, including our dedicated small business team that focuses on the needs of smaller-scale clients.
Beazley's client base is broadly diversified by type, by size and by geography. The company is a market leader in many of the markets in which it operates, having insured in 2010:
All Beazley's managed syndicates (2623/623/3622/3623/6107) are covered by Lloyd's market ratings:
In addition, Beazley's admitted US carrier, Beazley Insurance Company, Inc., has an A.M. Best rating: A (Excellent).