Beazley is expanding its U.S. property insurance business with the creation of a dedicated Builders’ Risk team to be located in Chicago, Ill.
Colin Rose, a senior underwriter from the London Construction and Engineering team, will move to Chicago to lead the initiative and will be joined there by Tom Warner, who comes to Beazley from Allianz Global.
Mark Bernacki, head of Beazley’s U.S. Property unit commented, “This is a natural progression for Beazley. The Construction and Engineering business has established teams in London and Singapore. We believe there will be comparably strong demand for the skills of specialist underwriters in the US market.”
He said Rose and Warner have more than 45 years of combined expertise in the construction sector.
The Builders’ Risk product rounds out Beazley’s current admitted and surplus lines fixed property offerings, meeting the vast majority of brokers’ property insurance needs. The team will focus on owners and contractors who are engaged in construction in all areas of the United States, as well as their interests overseas. Their appetite will include all types of buildings, civil engineering, oil and gas, power, and light and heavy industries.
In the United States, Beazley’s underwriters focus on writing specialist insurance products in the admitted market, backed by Beazley Insurance Company, Inc., an admitted carrier in all 50 states; and surplus lines risks, backed by the Beazley syndicates at Lloyd’s. Beazley Insurance Company, Inc. is rated A by A.M. Best.
Source: Beazley plc, www.beazley.com
Topics USA Construction
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