The Beazley Specialty Treaty team partners with these specialist carriers in a collaborative way with a long term perspective. With a portfolio of small to mid-size clients, we understand the challenges that a smaller institution faces - from balance sheets to resources. We take the time to understand our clients' needs and exposures in depth - time that a larger reinsurer, focused on larger transactions, may be unwilling to dedicate.
Alongside the reinsurance transaction itself, we actively share product knowledge, market intelligence, output from our forecasting unit, help in product development, policy form reviews and claims support.
As a unit of a specialty carrier ourselves, we can offer support in new product development to help a carrier grow its business, for example by enabling it to offer employment practices liability or network security cover as part of its core product offering.
We write both pro rata and excess of loss. We specialise in working layer risk excess and catastrophe excess of loss. Our latest product innovations include systemic catastrophe protection, liability industry loss warranties (ILWs) and embedded quota shares.
Beazley Product Solutions
Growth and differentiation in today's market is tough and competitors are constantly looking for ways to lure away an insurer's best customers. Setting up the infrastructure to handle new coverages can be expensive and the rewards uncertain. Beazley Product Solutions provides turnkey solutions to seamlessly incorporate specialty products into an insurer’s offering. By collaborating with us, our carrier partners can offer customers tried and tested specialty products while mitigating the risks of entering new lines of business and fending off competitive threats.
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%.