In a liability marketplace dominated by big brand generalists, we believe that there is an opportunity for the specialist insurer with the capabilities to bring a tailored approach to a specific class, exposure or industry. As business becomes more complex and new exposures and theories of liability emerge, the role of the specialised insurer becomes more relevant. We are a lead market for both non-proportional and proportional specialty casualty reinsurance business, leading approximately half of our portfolio. Consistent with the Beazley group approach we focus on claims made business or occurrence business with a controlled latency exposure.
Beazley has been writing specialty casualty treaty reinsurance since the late 1980’s and we still have clients now from those formative years.
We look to build long-standing trading relationships with clients who can demonstrate their investment and expertise in their market segments, through strong underwriting and claims handling disciplines.
We make site visits to our clients to deepen relationships, investing time to understand their business strategies and ambitions, as well as their immediate reinsurance needs.
Our maximum line size is US $10,000,000 or £7,500,000.
The covered portfolios are typically:
- Small to mid-size specialty mono-line insurers
- Specialty products at large companies
- Clash protections for larger insurers
Largely focused on the following cases:
- Professional Liability / E&O
- Medical Malpractice (including Awards Made and Systemic covers)
- Cyber (QS and Catastrophe protections)
- Commercial Auto (XoL)
- Management Liability
- Casualty Clash
We are also open to considering other specialty classes and structures.
The portfolio is currently weighted 80% to working layer risk excess and catastrophe excess of loss protections, 20% to specialty quota shares.
We write a world-wide portfolio, but focus on North America, Continental Europe, Latin America and the Asia-Pacific region.