Joseph Morrello has been hired as Beazley Group plc’s U.S. Eastern region underwriting manager, mid-market commercial property, covering the east coast from Maine to Florida.
Beazley has been underwriting U.S. commercial property business, generally for large risks, on a surplus lines basis through the Beazley syndicates at Lloyd’s since 1992. From early next year, the company plans to offer service of comparable quality and responsiveness to mid-market clients seeking coverage on an admitted basis.
Morrello joins Beazley from FM Global/Affiliated FM Insurance Company where he held the role of operations vice president, developing a profitable portfolio of commercial property business while presiding over the firm’s New York, Boston and Washington DC offices. He will be based in New Jersey.
“We are delighted that Joe has joined us as we prepare to launch our admitted business in early 2007,” said Mark Bernacki, Beazley’s head of commercial property in the U.S. “His proven expertise for tailoring insurance products for mid-market commercial property clients is a perfect complement to the skills already existing in our growing team.”
Source: Beazley Group, plc