|Bid||536.50 x 0|
|Ask||537.00 x 0|
|Day's Range||527.00 - 536.50|
|52 Week Range||486.60 - 634.00|
|Beta (3Y Monthly)||0.28|
|PE Ratio (TTM)||17.71|
|Forward Dividend & Yield||0.12 (2.24%)|
|1y Target Est||7.58|
Chicago, Dec. 05, 2019 -- Beazley, a leading insurer of healthcare professional liability and miscellaneous medical risks, has launched an innovative life sciences proposition.
New York, Dec. 02, 2019 -- Specialist insurer Beazley has appointed Rozina Karimali as executive risk underwriter within the cyber & executive risk division. Based in San.
The average cost of a medical malpractice claim in the U.S. has increased by 50% since 2009 with a sharp rise in the number of claims of more than $5 million over the last four years, according to Beazley, a leading insurer of hospital professional liability (HPL). It was based on data from Aon’s extensive hospital and physician professional liability claims database and Beazley’s database of more than 850,000 unique professional liability claims, representing 47% of all U.S. hospital beds.
Beazley’s head of broker relations & marketing, Lou Ann Layton, has been honored for her substantial contribution to the professional liability insurance industry by The Professional Liability Underwriting Society (PLUS). Ms Layton received the PLUS1 Award today at the opening ceremony of the society’s annual conference, which is taking place this year in Washington D.C. and expected to attract in excess of 2,000 industry practitioners. Ms Layton joined Beazley in December 2018 to lead Beazley’s global broker distribution and marketing strategy following more than three decades in leadership roles at Marsh, most recently as head of the US south east region.
European shares broke a five-day winning streak on Friday after U.S. President Donald Trump said he has not agreed to roll back tariffs on China, adding to uncertainties on whether the two sides were really getting close to signing a partial deal. The pan-European STOXX 600 index ended 0.3% lower after gaining 2.5% over the last five sessions.
Beazley’s head of third-party complex claims Beth Diamond is to succeed Anthony Hobkinson as group head of claims following Anthony’s decision to retire from his current role in February 2020. Ms Diamond joined Beazley as claims team leader in 2006 when she became Beazley’s first claims representative in the United States. A trained lawyer, she initially focused on cyber, technology and media claims at Beazley before her promotion to lead complex claims in 2015.
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Specialist insurer Beazley has appointed Matthew Westhoff as head of US large commercial property based in New York. Reporting to Beazley’s global head of commercial property, Simon Jackson, Mr Westhoff will manage the US-based team, working alongside the property team in London.
Specialist insurer Beazley has appointed Hannah Smith as a miscellaneous medical underwriter within its US healthcare team. Based in Atlanta, Ms Smith will underwrite a range of miscellaneous medical professional liability (MPL) risks, from blood and tissue banks through to laboratories and medical clinics, on both a primary and an excess basis. Ms Smith joins Beazley after six-and-a-half years at Hiscox USA, most recently serving as regional lead, managing a team of professional liability (PL) underwriters, and as PL senior underwriter.
Beazley data reveals an increase in ransomware attacks against IT vendors as cyber criminals exploit weak security programs to target both the vendor and their clients. One quarter (24%) of all ransomware incidents reported to Beazley Breach Response (BBR) Services – Beazley’s in-house breach response team – in the third quarter of 2019, were found to have started with an attack on an IT vendor or managed service provider (MSP). The spike in these attacks contributed to an overall 37% increase in reported incidents of ransomware in Q3 compared to the previous three months.
Specialist insurer Beazley has launched today a comprehensive policy covering infringements of Title IX, the federal law prohibiting discrimination based on sex in any public education program. The policy provides coverage for employment practices liability (EPL) and sexual misconduct & molestation liability (SML) for educational institutions in the US that receive federal funding. Lawsuits brought by students against educational institutions have evolved since the Title IX federal law was first passed.
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Minneapolis, Aug. 13, 2019 -- Beazley U.S. Accident & Health announced today that it has changed its marketing name to “Beazley Benefits.” “We concluded that Beazley.
Specialist insurer Beazley has appointed Will Roscoe as head of Beazley’s ‘smart tracker’ special purpose syndicate 5623. In this capacity, he will be responsible for setting the syndicate’s growth strategy, underwriting the portfolio and working closely with brokers to create new facilities. Set up in 2018, the smart tracker syndicate provides investors with the opportunity to track Lloyd’s market business while providing returns that aim to be less volatile and consistently above the Lloyd’s average.
Specialist insurer Beazley has appointed three new underwriters to the US cyber & technology team that has grown by 25% in the past two years. Zachary Manuel has joined Beazley’s Southcentral team in Dallas from The Hartford where he was a technology and life sciences underwriter covering the California brokerage community. Cory Yost has joined the Southeast team in the Atlanta office from CNA Insurance where he was a financial institutions underwriter on the Southeastern professional lines team.
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Leading specialist insurer Beazley has hired Derek Dow in its Vancouver office to support the growth of its healthcare liability book and Canadian operation. Mr Dow has been appointed to underwrite large risk life sciences and miscellaneous medical malpractice and will report to Evan Smith, Beazley’s Toronto-based global head of miscellaneous medical. Commenting on Mr Dow’s appointment, Evan Smith said: “Our life sciences and misc med books are growing to meet rising demand for specialist insurance for everything from biotechnology and clinical trials through to developments in the rapidly evolving nutraceuticals space.
Specialist insurer Beazley has hired two cyber & technology underwriters in the US to meet growing demand from middle market businesses for insurance cover for cyber, data security and privacy exposures. Jennifer Lushbough Beard joins Beazley from Chubb where she spent 12 years underwriting a range of professional, technology and cyber liability risks. Most recently she held the role of senior professional liability underwriter.
AM Best has assigned a Financial Strength Rating of A and a Long-Term Issuer Credit Rating of “a” to Beazley America Insurance Company, Inc. , a newly added member of Beazley USA Insurance Group .