Political risks and contingency risks were pioneered in the Lloyd's market and are today among the most important lines of business underwritten at Beazley. Our underwriting team is one of the largest and most experienced in the market. Our presence in Asia is strengthened by our Singapore based office that writes all the classes of business we offer from London.
Our political risk clients have exposures in markets around the world and we have paid claims in every continent bar Antarctica. Our clients rely upon extremely diligent and responsive underwriters for mitigation of performance, payment, terrorism and political risks. We set ourselves apart because we make rapid decisions based upon a deep understanding of our clients' businesses and the political and economic environment.
We lead the market in creative solutions for terrorist and politically motivated attacks on insured assets. The current product portfolio responds to damage from risks such as terrorism, war or riots, and the use of nuclear and chemical biological devices, to assets ranging from pipelines to vaults and people to stock. We have also created an active shooter protection package specifically designed to assist institutions that are at risk.
Our contingency team is one of the strongest in the London market. We specialise in event cancellation, writing everything from weddings to world cups. Weather-related disruptions are a frequent cause of loss but more unusual loss triggers such as war and terrorism can be covered. Additionally, we insure event organisers for non-appearance of performers, over redemption/brand promotion and prize indemnity for competitions and game shows.
Planning and running an event comes with many challenges. One of the most difficult threats to guard against is an act of aggression such as terrorism. News headlines remind us that the nature of terrorism is changing and increasingly difficult to define. Event organisers and promoters need confidence that their insurance cover will provide the protection they need.
Beazley is a market leader in contingency insurance for the sports, leisure, entertainment, conference, exhibition and trade show industries.
Political risks & trade credit
Specialist coverage for clients including commodity traders; investors; lender and financiers; forfaiting companies; and exporters and importers.
Broad coverage for businesses of all sizes, from companies with global assets to companies with a single critical asset.
Kidnap and ransom
At its core is a critical service - the negotiation of a safe and successful outcome to a kidnapping.
A comprehensive response and evacuation service for organisations to take their people out of harm's way.
Loss of attraction
Beazley's loss of attraction cover is designed to protect a business's income as a result of a terrorist event at a different location that results in a "knock-on" impact on the level of trade.
Deadly weapons protection
Eliminating the risk of a malicious attack is impossible but preparing for one is essential.