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    Beazley Product Solutions is a market leader in delivering innovative solutions for our insurance company partners. Our customized package includes policy forms, rate plans, underwriting guidelines, filing and marketing support as well as award winning services and claims handling. Alongside the product offering itself, we actively share product knowledge, market intelligence, output from our forecasting unit, help in product development, policy form reviews and claims support.  

    We work with both insurance and reinsurance brokers to provide their carrier clients with the ideal turnkey solution that complements and rounds out their insurance product offerings. This approach is an easy/cost effective process to develop new products with the support of the specialist reinsurer which will make available all the needed resources from the beginning to end of the development and implementation process and permanent support throughout the span of the relationship.

    Beazley Product Solutions helps fend off competitive threats. Setting up the infrastructure to handle new coverages can be expensive and the rewards uncertain. But by collaborating with us to offer customers tried and tested specialist products, our insurance company clients can mitigate the risks of entering new lines of business.

    How it works

    Our formula is simple. We have become a market leader in delivering innovative solutions for our insurance company partners by:

    • Designing customized solutions to meet insurers' needs and the needs of their policyholders. 
      • Supporting these products with award winning claim handling and risk management support. 
      • Backing our solutions by treaty reinsurance. 

      Endorsement to a carrier’s product or as a standalone policy packaged with a carrier’s existing products:​

      • Cyber Liability & Breach Response Coverage​
      • Employment Practices Liability Coverage​
      • Workplace Violence Coverage​
      • Environmental Coverage​
      • Healthcare Regulatory Coverage​
      • Sexual Abuse & Molestation Coverage​
      • Directors & Officers Coverage ​
      • Contractors Pollution and Professional ​
      • Premises Pollution for fixed sites​
      • Workplace Violence​
      • Regulatory liability insurance for healthcare providers​

      Limits available

      • Limits offered – $50K, $100K, $250K, $500K, or $1M ​
      • Marketing method – “opt out” or “embedded” in all policies​
      • Lower limits with no application required ​
      • 100% quota share option, claims servicing agreement, ceded commission ​
      • Admitted or non-admitted ​
      • Easy rating method​
      • Risk management materials

      Target markets 

      With a portfolio of small to mid-size clients, we understand the challenges that smaller institutions face - from balance sheets to resources. We take the time to understand our clients' needs and exposures in depth - time that a larger reinsurer may be unwilling to dedicate. Our target industries:

      • Property/Casualty Insurance Companies (30m to 1b GWP)
      • RRGs
      • Physicians
      • Lawyers
      • Public Entities​
      • Mutuals
      • Pools​
      • Reciprocals​
      • Small and mid-size stock insurers​
      • Trusts​
      • JUAs​

      The main focus is targeting any of the above with considerable books of business where the new product can be embedded on to (for example: Property, GTPL or E&O) the policies of small/medium businesses (SMEs). Specific exclusions will apply.

      Key territory

      North America

      Addressing the growth challenge

      Growth and differentiation in today's market are tough. And competitors are constantly looking for ways to lure away an insurer's best customers. 

      Beazley Product Solutions helps fend off competitive threats. Setting up the infrastructure to handle new coverages can be expensive and the rewards uncertain. But by collaborating with us to offer customers tried and tested specialist products, our insurance company clients can mitigate the risks of entering new lines of business.

      Our comprehensive solutions include the policy form, rating plan, underwriting guidelines, filing and marketing support and reinsurance support. Current examples of our turnkey products include data breach coverage, employment practices liability insurance, and regulatory liability insurance for healthcare providers. New products developed by any of Beazley's five insurance divisions (specialty lines; property; political risks & contingency; and life, accident & health) may be suitable for the same approach. 

      Contact us or your reinsurance broker to discuss your ideas and to find out more about how we can support you in being more competitive.

      Beazley Product Solutions team

      Underwriters

      Tim Foy

      Beazley Product Solutions- Underwriter

      Tim Foy

      Philadelphia, PA, USA

      +1 215 446 8413

      James Gray

      Focus Group Leader, Specialty Treaty

      James Gray

      London, UK

      +44 (0)20 7674 7890

      Paul Henderson

      Focus Group Leader - Beazley Product Solutions

      Paul Henderson

      London, UK

      +44 207 674 7254

      Cesar Silvestre

      Underwriter - Specialty Treaty (Beazley Product Solutions)

      Cesar Silvestre

      London, UK

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