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Investegate |Beazley PLC Announcements | Beazley PLC: Results of AGM
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New Beazley Offering Targets D&O Exposures of Special Purpose Acquisition Companies
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D&O and SPAC underwriting veteran Jim Rizzo to lead SPAC initiativeNew York, March 09, 2021 (GLOBE NEWSWIRE) Specialist insurer Beazley has launched a directors’ and officers’ (D&O) product suite designed specifically for US-domiciled Special Purpose Acquisition Companies (SPACs). Beazley’s new D&O products for SPACs offer dedicated coverage for either the individuals, or the entity and individuals combined, to provide greater transparency and clarity about insurance coverage, from the initial public offering (IPO) to the initial business combination. The specialized needs of SPACs have historically been met through endorsements to existing D&O coverages. Jim Rizzo, Beazley Executive Risk underwriter and a SPAC expert who has underwritten these risks for two decades, is leading the initiative supported by a seasoned team of underwriters based in the US and London. Jim Rizzo said: “These streamlined products are specifically designed for
Investegate |Beazley PLC Announcements | Beazley PLC: Directorate Change
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Newly formed digital business unit to lead transformative tech-led strategy for Beazley
Beazley GroupFebruary 26, 2021 GMT
London, Feb. 26, 2021 (GLOBE NEWSWIRE) Specialist insurer Beazley has unveiled a new digital business unit to spearhead a transformative approach to how the company develops, underwrites and delivers seamless, intuitive digital insurance solutions for clients and brokers.
Existing digital initiatives and platforms created to further Beazley’s digital capabilities will now be led by a multi-disciplinary team headed up by Ian Fantozzi that will build on Beazley’s strong foundations in e-trading. This will include enhancing the capabilities and reach of online platform myBeazley as both broker expectations for frictionless trading, and Beazley’s suite of specialist products that can be efficiently traded digitally, continue to grow.