Andrew Horton News

Beazley’s CEO Horton to Become Group CEO of QBE Insurance in Australia

Beazley Chief Executive Officer Andrew Horton is leaving to become the group chief executive officer of QBE Insurance Group Ltd. in Australia, the two companies announced. Horton will be succeeded in the role by Adrian Cox, the current chief underwriting …

Beazley Forms Digital Business Unit to Transform Tech Strategy, Led by Fantozzi

Specialist insurer Beazley has unveiled a new digital business unit to transform how the company develops, underwrites and delivers digital insurance solutions for clients and brokers. Existing digital initiatives and platforms created to further Beazley’s digital capabilities will now be …

Re/insurers Rethink Climate Change Risks as Losses Grow from Wildfires, Floods, Hail

By the time David Kaisel got back from selling his flour at a farmers’ market, a wildfire in California’s Capay Valley had burnt both his tractor and the shipping container where he kept some tools. His insurer is set to …

Lloyd’s Gathers Group of Industry Heavy-Hitters as Advisers for Its Future Strategy

Lloyd’s has gathered a group of industry heavy-hitters — such as Evan Greenberg at Chubb, Dan Glaser at Marsh & McLennan, and John Haley at Willis Towers Watson — to sit on advisory committees that will help support and develop …

London Market Group Appoints Beazley’s Horton as Chair, Succeeding Aubert

The London Market Group (LMG) announced the appointment of Andrew Horton, CEO of Beazley, as its new chair with effect from May 4, 2018. He will succeed Nicolas Aubert, head of Great Britain for Willis Towers Watson who has held …

Beazley Launches Dublin-Based Insurer to Write Non-Life Insurance in EU

Specialist insurer Beazley has received authorization from the Central Bank of Ireland to convert its established Dublin-based reinsurance company into an insurance company permitted to transact business throughout the European Union. Beazley explained that its strategy to write EU non-life …

Beazley to Get EU Licenses for Irish Reinsurance Business – After Brexit Vote

Lloyd’s of London’s Beazley Plc is working to get European insurance licenses for its Irish reinsurance business to allow it to operate throughout the European Union, even if Lloyd’s loses access to the bloc. Insurers are making contingency plans after …

Beazley Expands Marine Business by Buying Subsea Specialist Leviathan Facility

Beazley, a provider of specialist marine insurance, is expanding its marine offerings with the acquisition of London-based subsea specialist The Leviathan Facility. Beazley will acquire the majority of their existing book and renewal rights. In addition, principal Leviathan underwriters, Simon …

Energy Insurers Become Latest Casualty of Oil Slump as Projects Are Postponed

The insurance industry is becoming the latest casualty of the oil price slump, with postponements and cancellations of energy projects forcing down premium rates and income in a market that was already crowded. Insurers forecast income could dive by 20 …

Beazley’s ROE of 19% Will Be ‘Difficult’ to Sustain in Current Market: CEO Horton

Beazley Plc Chief Executive Officer Andrew Horton said the company’s return on equity of 19 percent in 2015 isn’t sustainable against a backdrop of increased competition and falling insurance rates. “Margins are bound to come under pressure,” the CEO said …