Specialty insurer Beazley has appointed John Moy as U.S. marine insurance underwriter within its newly- launched U.S. marine platform.
Moy will be responsible for underwriting and building the company’s U.S. hull, protection & indemnity (P&I) and liability business for the marine and marine construction sectors.
He will report to Steve Vivian, head of U.S. marine at Beazley, in New York.
Moy joins from Water Quality Syndicate in New York where he was chief underwriting officer. Moy’s career includes stints with the U.S. Merchant Marine, private shipping organizations and the insurance sector, including the setting-up and management of marine underwriting operations. He currently serves on the Liability and Energy committees of the American Institute of Marine Underwriters.
Moy’s appointment follows Beazley’s announcement on November 30, 2017 that it is establishing a U.S. marine platform with the strategic aim of capturing opportunities that do not typically get placed outside of the US domestic market.
Beazley has been an insurer of marine risks in the Lloyd’s market in London since 1999. The products offered in the U.S. are available on both an admitted and non-admitted basis, and are designed to complement the large risk coverages available through Beazley’s London underwriters.
According to Vivian, the U.S. team will target business that typically is placed in the U.S. domestic market and not by its London colleagues. Beazley said it will be writing predominantly brown water hull risks, with limits of up to $5 million, and marine liability risks, on both a primary and excess basis, with limits of up to $25 million.
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