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.