Beazley expands fine art and specie underwriting
Beazley, a leading insurer of jewellers' block risks in the UK and internationally, is expanding its fine art and specie capabilities through the hire of two leading Lloyd's underwriters in the field, Mark Bosshard and Scott Sellick.
Mr Sellick and Mr Bosshard will be joining Beazley in November from XL Catlin. For the past fifteen years, they have built a market-wide reputation as expert underwriters of fine art, general specie, jewellers' block and cash in transit property risks - all highly specialized classes of insurance in which the Lloyd's market excels. Specie risks such as bank vault contents, private art collections and art dealers' inventory also require significant capacity and Beazley will be offering a maximum line size of $100m in support of this business.
Mark Bernacki, head of Beazley's property division, said: "The diversification of our property portfolio continues with the hire of two highly respected underwriters who have built, over a long period, the skills and relationships to underwrite these highly specialist classes of business profitably while offering exceptional client service."
Simon Aitchison, head of the jewellery and specie team, said: "For many years Beazley has been a market leader for jewellers' block risks. With Scott and Mark on the team, we will be aiming to continue the international expansion of this business while building a strong presence in specie and fine art. Private art collectors in particular require flexible cover backed by excellent claims service, both of which we will be well placed to offer."
For further information, please contact:
Luther Pendragon - Caroline Wagstaff
T +44 (0)20 7618 9158