Cyber risks: Cyber is a core product area for Beazley, and the company has plans for significant growth in the sector. The division was created to support this growth and further embed the cyber ecosystem of risk management and pre-underwriting that Beazley has been building over recent years. Paul Bantick (pictured below) will lead the cyber risks division.
Read next: Beazley adds senior leaders to cyber team
MAP risks: Political, contingency, marine and aviation risks are becoming more interconnected, Beazley said. To address this challenge, the company has created a new MAP risks division to offer comprehensive risk management solutions. The division will be led by Tim Turner (pictured below).
Property risks: Climate change is altering the nature of property risk, which requires a de-commodified approach to underwriting, Beazley said. The new property risks division brings together Beazley’s property and treaty insurance underwriting activities, allowing the insurer leverage data tools and future-modeling techniques to build the expertise needed to effectively underwrite risk as it evolves. The division will be…
