Proportional and non-proportional reinsurance for both treaty and facultative transactions
We are selective about the clients we work with. We look for sureties and insurers with exceptional knowledge of their market segments and strong underwriting disciplines. When possible, we like to visit our clients and prospective clients on-site, investing time to understand their business goals and ambitions as well as their immediate reinsurance needs. As core services, we perform underwriting reviews, offering operational and underwriting feedback, and special acceptance reviews.
As a major participant in the Lloyd’s market, we are able to offer our clients A.M. Best A XV rated security without the constraints that often come with a top-rated reinsurer.
Beazley supports surety bond insurers in global economic development. We aim to become a core reinsurer providing excellent service, flexibility and innovation to promote our clients' growth. We’re not just reinsurers; our team is comprised of individuals who have all maintained positions of significant responsibility in the primary surety industry and have personal experience with all of the facets of managing a surety operation. We’re able to craft solutions for our clients that meet their long-term objectives on a sustainable basis. A good reinsurance relationship should be timeless. Among our current clients are companies that we first reinsured more than two decades ago. Our client retention rate is in excess of 95%.
We look for clients that have clearly defined product niche(s) within the surety-credit arena and that have underwriters who are experienced and knowledgeable within their designated segments. We work with our clients to understand their approach to risk, credit selection and portfolio monitoring. We are open to all size categories (international, national and regional) within the surety space. Our level of participation is directly linked to the client’s ability to execute on their strategy throughout the underwriting cycle (most easily represented through their long-term loss ratio), limit requested per principal/obligor and the extent of the cedant’s risk participation relative to the requested reinsurance coverage.
BEING BOLD
Freedom lies in being bold. We dare to be different and seek bold possibilities to create more innovative, fair and satisfying outcomes for our clients, brokers and employees. From insuring the highest building in the world, to the first commercial lunar vehicle to operate on the moon - we boldly go where others won’t.
STRIVING FOR BETTER
Good is a start, but we go all-out for better. A driven community of individuals relentlessly push the needle and creating value. From launching the market’s first dedicated ESG syndicate to the establishment of our business unit focusing on designing digital insurance solutions, we pride ourselves on always going above and beyond. Simply put, at Beazley we go to 11.
DOING THE RIGHT THING
Acting with integrity in a straightforward, decent way is instinctive. Open and honest with others, we show respect and empathy however challenging the situation – demonstrated by our multi-award winning claims team. Doing the right thing makes for a fair-minded, rewarding environment and makes work and life better for all.
