Specialist insurer Beazley is introducing a new product recall insurance policy for private enterprises in the U.S., with a planned launch in the second quarter of 2020. The company has appointed a new underwriting team specifically to support the offering.
The team is based in Farmington, Conn., and includes Florian Beerli as product lead and Angela Ives, Jae Pak and Alex Marti as underwriters.
Beazley Product Recall will be available to U.S.-domiciled companies and cover a range of risks from small to large, with a primary focus on risks with up to $100 million in revenue.
Beazley will offer the new product recall insurance as a standalone product and as a complement to existing specialty lines products such as BioSecure, Beazley’s offering to the life sciences industry.
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