Welcome back to the Lloyd’s building
We are looking forward to the underwriting room at Lloyd’s reopening on 1st September. Beazley teams will be following the protocols provided by Lloyd’s including the class of business timetable. The table below illustrates how this schedule translates to Beazley business areas. Given the new practices and reduced capacity, we suggest that brokers wishing to meet with our underwriters at Lloyd’s check with their usual Beazley contacts to see who will be at the underwriting room and what their procedures are for booking appointments. Lloyd’s has also suggested booking an appointment is advisable given that there will be limited space for queuing.
The last few months have shown how adaptable the insurance market is as we embraced and accelerated new ways of working to enable remote trading. At Beazley, we have invested in IT systems and tools that ensure colleagues can work effectively in whichever location they choose and can remain fully contactable to brokers and clients via phone, video conferencing or email. We continue to encourage a flexible approach that ensures we are accessible and able to trade and communicate effectively at Lloyd’s, our own offices and remotely.
Class of business timetable
|Lloyd’s description||Beazley business areas|
|Monday||Financial and Professional lines and Casualty (i.e. Third Party) including fac reinsurance||Speciality Lines and Cyber & Executive Risk (excluding Treaty)|
|Tuesday||Property, Terrorism, Construction (i.e. First Party) including fac reinsurance||Property and Terrorism (including Kidnap and Ransom)|
|Wednesday||Marine and Aviation (i.e. MAT)||Marine & Aviation (excluding Energy)|
|Thursday||All treaty reinsurance, Accident and Health, Political Risk, Bloodstock, Energy and Reinsurance||Life, Accident & Health, Political Risk & Trade Credit, Contingency, Marine Energy, Bloodstock, and Treaty|
|Friday||The room will be open for all classes.|
We are offering a 60-day premium pause to existing policyholders affected by COVID-19
We understand our commercial clients are under pressure to keep their businesses running at the same time as sharing the responsibility to reduce the spread of COVID-19 within communities.
For many clients, the impact on cash flow is an immediate concern. To support our clients impacted by the coronavirus, effective March 23rd, Beazley has implemented a 60 day freeze on cancellation and nonrenewal notices for non-payment of premium and we will not be issuing late fees to clients during that time. Click here for more information
Beazley’s response to COVID-19
Beazley is closely monitoring the evolving global response to COVID-19. Our thoughts are with all those affected.
As a business, we have a responsibility to do what we can to prevent the spread of this virus to our local communities and those who are vulnerable. For this reason we have taken the decision to ask all staff to work remotely and provided them with the tools and technology necessary to do so.
During this period we are committed to providing you with the same high levels of service. Our claims, underwriting teams and worldwide network of supporting professionals and vendors remain available to respond to our clients’ needs. We encourage you to review the resources on this page and reach out to your broker with any questions.
We understand there is growing concern about potential claims arising out of COVID-19 and questions as to how policies will respond. We are focused on responding to noticed matters and are not positioned to provide hypothetical coverage determinations. Any claims you might have should be noticed as per the Notice of Claim provision of the relevant policy.
Many of our policies require our insureds must obtain Beazley's approval or consent before incurring costs or making payments which may be eligible for coverage. We are available to work closely with our insureds to evaluate and respond to any matters arising out of COVID-19, consistent with the terms and conditions of their policies. As COVID-19 is impacting all areas of society, including the operations of courts and government agencies, we recognize it may affect pending or future claims.
We are diligently monitoring key developments affecting our lines of business and to ensure our insureds have access to the resources they need to resolve their claims. We wish you and yours continued good health.