US Commercial Property 
(Excess & Surplus)

In 2009 Beazley aquired First State Management Group, Inc. from the Hartford Financial Services Group, Inc. First State has an exceptional track record as one of the oldest and most respected underwriting managers in the United States, bringing unrivalled experience and expertise to the insurance of surplus lines commercial property risks.

Bringing a vision to excess and surplus lines

We have a simple idea of what an insurance provider should be – flexible enough to write the kinds of business brokers want written; stable enough to afford confidence that it will be there for clients and brokers when it really matters. That idea sets the standard that we strive to meet every day, with every policy we issue. We are dedicated to finding creative solutions that allow our brokers to write more business. Through soft markets and hard markets, earthquakes and hurricanes, fires and floods, we remain unwavering in our commitment to our wholesale brokers.

Industry-leading underwriting expertise

Our underwriters are among the most experienced in the industry. That doesn't just mean they'll get the job done right. It means they have the experience to find innovative ways to write risks others can't – or won't. It means they have the perspective to see beyond the numbers and straight through to the big picture. And it means they have a unique combination of discipline and open-mindedness.

Outstanding strength of paper

From April 1, new policies issued by First State will generally be backed by the security of the Beazley syndicates at Lloyd’s. (The only exceptions will be renewal policies where the client has elected to retain their prior security.) Beazley’s syndicates have been independently rated A (excellent) by A.M. Best and all Lloyd’s syndicates additionally benefit from the Lloyd’s market’s chain of security, rated A XV by A.M Best.

Highly responsive service

Accessibility. Accountability. Responsiveness. These are the three tenets of our service philosophy. Whenever you need our support – from initial inquiries to claims processing, and every point in between – our underwriting and claims teams will endeavor to do everything in their power to not only meet your needs, but to exceed your expectations.

We tailor our commercial property insurance forms to ensure the best possible fit for your clients' particular risks.

Coverages:

All risk including or excluding flood and earthquake

Inland marine

Difference in conditions (DIC) including flood and earthquake

Fire business

Target Classes*

Institutional

Manufacturing

Retailers/shopping centres

Hotels/motels

Restaurants

Nursing Homes

Office buildings

Condominiums and apartments

Vacant properties

* These classes are examples of risks we cover. To further qualify an account, please contact one of our branch locations.

Not all coverages or products described on this website are available in all US jurisdictions. Some products are available on an admitted basis in some but not all US jurisdictions from Beazley’s US insurance company subsidiary, while other products and coverages may be available in the US only on a surplus lines basis through licensed surplus lines brokers doing business with Beazley’s Lloyd’s of London syndicates.

The descriptions contained in these pages are for preliminary informational purposes only. Coverages will vary depending on individual state law requirements and may be unavailable in some states. The exact coverage afforded by the products described on this website is subject to and governed by the terms and conditions of each policy issued.  The publication and delivery of the information contained herein is not intended as a solicitation for the purchase of insurance on any US risk.