Reinsurance
Experience and innovation, combined with a focus on long term
relationships, have enabled our reinsurance team to work
successfully with some of the world’s most sophisticated insurance
businesses for over 20 years.
Established in 1986, the reinsurance team
specialises in writing worldwide property catastrophe; per risk;
aggregate excess of loss and pro-rata business; and casualty
clash.
Reinsurance is one of the six core
business lines at Beazley and the team maintains an established
lead position in the market. Although market capacity has
fluctuated dramatically over the last 22 years as a result of
catastrophes and large risk losses, we have maintained our
commitment to our core clients. More than 80% of our top 20 clients
have reinsured with us for 15 years or more.
Our strategy is to manage our business within
a long term context by identifying and reinsuring top quality
counterparties. In order to achieve this, we look for clients with
financial integrity; an intimate knowledge of their business; and
the management systems and underwriting controls to ensure both
their continued success and our long term profitability. We like to
lead business as this enables us to apply our expertise in claims
management and build stronger relationships with our clients. Our
claims managers are fully integrated within our underwriting team
which provides for an efficient and professional service.
Our underwriters travel extensively to meet
with clients and brokers as we believe this enables us to build
relationships and gain an in-depth understanding of their
business.