PLEASE UPDATE YOUR BROWSER

1 Reason Insurance (715)598-9924

Leadership Through Service

  • About
    • Meet the Insurance Agents of 1 Reason Insurance
    • Partner Insurance Companies
  • Personal Insurance
    • Car Insurance Quote for Personal Auto
    • Boat Insurance
    • Home Owners Insurance Application
    • Life Insurance Quotes
    • Motorcycle Insurance
    • Personal Umbrella Insurance
    • Renters Insurance
    • RV Camper Insurance
    • Snowmobile Insurance
  • Business Insurance
    • Commercial Auto Insurance
    • What is General Liability Insurance
    • Rental or Vacant Properties
    • Workers Compensation in Wisconsin
  • Blog
  • Contact 1 Reason Insurance
    • Contribute As Guest Author
Home > Retirement & Estate Planning > Beazley establishes US marine insurance platform

Beazley establishes US marine insurance platform

Posted on: November 29, 2017 By: Insurance Updates

New York, Nov. 30, 2017 (GLOBE NEWSWIRE) — Specialist insurer Beazley has established its new US marine platform with an initial focus on hull, protection & indemnity (P&I) and liability coverage for the marine and marine construction sectors.

Beazley has been a prominent insurer of marine risks in the Lloyd’s market in London since 1999. The products offered in the US, which will be available on both an admitted and non-admitted basis, are designed to complement the large risk coverages available through Beazley’s London underwriters.

“We plan to offer the same high standard of underwriting and claims service that we do in London,” said Stephen Vivian, head of Beazley’s US marine focus group “but we will be targeting business that typically is placed in the US domestic market and is rarely seen by our colleagues in London.

“Brokers who know Beazley know us as a selective but decisive insurer that is able to commit swiftly to risks that we like, backing our underwriting judgement with first class service. We plan to bring the same philosophy and approach to the US market.”

In the US, Beazley will be writing predominantly brown water hull risks, with limits of up to $5m, and marine liability risks, on both a primary and excess basis, with limits of up to $25m.

Beazley’s marine liability offering will comprise a broad spectrum of coverages, which include protection and indemnity, terminal/port operators, ship repairers’ liability, charterers, ancillary, contractual and excess liabilities.

Beazley’s marine division underwrote $247.4m in premiums in 2016 through underwriters located in the UK, Norway and Singapore. Risks in the US will be written for the account of Beazley’s A.M. Best A rated admitted carrier, Beazley Insurance Company Inc., and – in the case of non-admitted risks – for the account of the Beazley syndicates at Lloyd’s, also rated A by A.M. Best. Mr Vivian plans to expand the US underwriting team in the course of 2018.

-ends-

Note to editors:

Beazley plc is the parent company of specialist insurance businesses with operations in Europe, the US, Canada, Latin America, Asia, the Middle East and Australia. Beazley manages six Lloyd’s syndicates and, in 2016, underwrote gross premiums worldwide of $2,195.6 million. All Lloyd’s syndicates are rated A by A.M. Best.

Beazley’s underwriters in the United States focus on writing a range of specialist insurance products. In the admitted market, coverage is provided by Beazley Insurance Company, Inc., an A.M. Best A rated carrier licensed in all 50 states. In the surplus lines market, coverage is provided by the Beazley syndicates at Lloyd’s.

Beazley is a market leader in many of its chosen lines, which include professional indemnity, property, marine, reinsurance, accident and life, and political risks and contingency business.

For more information please go to: www.beazley.com

Eleanor LewisBeazley Group+44 (0)20 7667 0538eleanor.lewis@beazley.comDeborah KostrounKetchum+1 201 403 8185Deborah.kostroun@ketchumzito.com

Comments

comments

Categories: Retirement & Estate Planning

1Reason Agencies

What clients have to say:

Mike T. "I started a business last year and Robert responded to my inquiries immediately, and was extremely helpful and knowledgeable as to the type of insurance coverages I would need to get started. Now its been a year and he now carries All of my coverages! Absolutely the most hands on agent I've ever worked with but hands down the friendliest! I can call him anytime and never feel rushed and not only that but he responded while on a family vacation. I believe in relationships in business and so does Robert by the way he treats his customers. I have a true friend in the business, thank you Robert!"


Lynn R. "Bob is very knowledgeable and has always done a great job explaining different aspects of coverage. He is very accessible and looks out for what is best for the consumer. We highly recommend him!


Justin T. "Excellent agent, always available for answers to insurance related questions. Bob, is the person most people strive to become. Without a doubt, a great person!"


Sebastian T. "I can not begin to tell you how pleased I am with 1 Reason Insurance ! Their responding services is friendly and complete. For the services my company offers to the public it is sure nice to know that we are covered for a reasonable fee. Just having (1 R I ) 1 Reason Insurance there is such piece of mind ! Their insurance plans are strait to the point and easy to understand.
Thanks for the great service 1 Reason Insurance !"


Jeff H. "Very nice and cares about the customer! He was literally the reason why i chose him over other companies for my insurance"

Categories

  • Bonds
    • Performance Bond
  • Bookkeeping
    • Business Taxes
  • Business Marketing
    • Webhosting
  • Car Insurance
  • Commercial Auto
  • Commercial Insurance
  • Court Cases
  • Cyber Liability Insurance
  • Employment Opportunities
  • Employment Practices
  • Flood Insurance
  • Home Ownership
  • Homeowner's Insurance
  • Insurance Companies
    • Insurance News
  • Insurance Terms
  • Investing
    • Finance & Insurance News
  • Life Insurance
  • Non Emergency Medical Transportation
  • Payroll
  • Pinewood Derby
  • Professional Liability / E&O
  • Real Estate News
  • Rental Property Insurance
  • Retirement & Estate Planning
  • RV Insurance
  • Starting A Business
  • Stock Dividends
  • SuiteCRM Insurance CRM
  • Taxes
  • Tips & Advice
  • Travel
  • Uncategorized
  • Worker's Compensation

Recent Posts

  • Brookfield Real Assets Income Fund Inc. Declares Q3 2025 Distribution Schedule
  • LGI Homes Introduces Medley Park in Clayton, NC: A Stylish Townhome Community Close to Raleigh
  • Brandywine Realty Trust Announces Closing of $150 Million Offering of 8.875% Guaranteed Notes Due 2029 With a Re-Offer Yield of 7.039%
  • Abacus Global Management Announces Intention to Conduct Exchange Offer and Consent Solicitation Relating to Warrants
  • Construction Begins on Maison’s Village II, Bringing 189 New Affordable Homes to Palmdale
  • Trupanion to Host 2025 Annual Investor Day on September 17
  • Reliance Global Group Highlights Strong Q1 Results from Spetner Associates
  • Palomar and Neptune Partner to Accelerate Growth in U.S. Flood Insurance Market