Beazley Wins Reactions Award

Beazley's Political Risk expertise is recognised at the Reactions London Market Awards

London, June 13 2008

Beazley won the award for Best Insurance Company Underwriting Political Risk at the Reactions London Market Awards last night.  The award was based on a poll conducted by Reactions Magazine among brokers, insurers, reinsurers and risk managers.

Beazley has been underwriting political risks since 1997.  In February this year, the Political & Contingency Group (PCG) became a new division within Beazley Group.

Adrian Lewers, Head of the Political & Contingency Group, said, “We are delighted to receive this award.  This reflects the market’s recognition of the depth of our underwriting team’s expertise and the value we seek to deliver to brokers and clients.  We are in a risk environment which is increasingly complex and we believe this places an even greater emphasis on underwriting excellence.”

Beazley insures both traditional political risks such as nationalization, expropriation and currency inconvertibility, and an increasing range of political violence risks, including terrorism.  The team also specialises in short and medium term credit and structured credit in emerging markets.

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