Beazley expands UK and international medical malpractice small business capabilities
Beazley, a leading provider of medical malpractice liability insurance, is significantly expanding its small and medium enterprise (SME) med mal business in the UK and elsewhere outside the US with the arrival of a seasoned team from Lloyd's specialist insurer Marketform. The team, led by Alex Wakeley, will be based in Beazley's London office and report to James Eaton, Beazley's global private enterprise focus group leader.
Beazley will add nine underwriting and claims staff and take over the servicing of claims on Marketform's medical malpractice policies issued from 2008 to present as part of this transaction. The team joining Beazley specialises in addressing the risk management needs of SMEs including doctors, complementary medical practitioners, medical clinics, first aid services, pharmacies and other related occupations.
"We're thrilled to bring on a highly skilled team that complements our existing healthcare business in the US and worldwide," said James Eaton. "Beazley is a market leader in the healthcare sector and the addition of this well regarded team increases our ability to service clients in additional geographies."
Adrian Cox, Beazley's head of specialty lines said, "Healthcare liability is one of Beazley's core specialty lines offerings and the addition of this team continues our strategic expansion in the international arena."
Martin Reith, CEO of Marketform said, "I wish Alex and his experienced team all the success in the future in their new group. Marketform has been performing a strategic review across all of its business to focus on areas where we believe we can excel and add significant value to our clients. I have no doubt that under Alex's stewardship, the team will flourish as part of Beazley's highly regarded healthcare liability unit."
For further information, please contact:
Luther Pendragon - Caroline Wagstaff
T +44 (0)20 7618 9158
T +44 (0)20 7488 7694
Note to editors:
Beazley plc (BEZ.L) is the parent company of specialist insurance businesses with operations in Europe, the US, Latin America, Asia, the Middle East and Australia. Beazley manages six Lloyd's syndicates and, in 2015, underwrote gross premiums worldwide of $2,080.9 million. All Lloyd's syndicates are rated A by A.M. Best.
Beazley's underwriters in the United States focus on writing a range of specialist insurance products. In the admitted market, coverage is provided by Beazley Insurance Company, Inc., an A.M. Best A rated carrier licensed in all 50 states. In the surplus lines market, coverage is provided by the Beazley syndicates at Lloyd's.
Beazley is a market leader in many of its chosen lines, which include professional indemnity, property, marine, reinsurance, accident and life, and political risks and contingency business.
For more information please go to: www.beazley.com
Notes to Editors
Marketform is a UK and international specialist insurer and is a member of Great American Insurance Group. The members of Great American Insurance Group are subsidiaries of American Financial Group, Inc. (NYSE:AFG) an insurance holding company, based in Cincinnati, Ohio with assets of approximately US$50 billion.
Operating in the Lloyd's market, Marketform underwrites a broad range of specialty, casualty and marine classes of business on a direct and reinsurance basis, as well as through delegated authorities.
Marketform is headquartered in Gracechurch Street, London, UK.
For more information, please visit www.marketform.com
Ed Berry / Tom Blackwell
T +44 (0)203 727 1046/1051