SOURCE: Beazley Group

Beazley Group

October 11, 2016 08:00 ET

Beazley Adds to Fidelity and Crime Team in Chicago

CHICAGO, IL--(Marketwired - October 11, 2016) - Beazley, a leading provider of specialist fidelity and crime insurance, has appointed Natalie Nelson as a fidelity and crime underwriter in its Chicago office. This appointment adds to the company's growing crime and fidelity team in the US.

Ms Nelson joins Beazley from The Hartford where she was an executive underwriter serving the Central and South regions of the US. Prior to that, she worked for Marsh FINPRO as a management liability insurance broker specializing in crime, fidelity and kidnap and ransom risks.

Beazley's crime insurance policies, and fidelity bonds for financial institutions, protect companies with annual revenues over $50 million in the retail, healthcare, technology and manufacturing industries from the loss of money and securities due to employee theft. Beazley's commercial crime policies also have fraudulent instruction coverage available with limits of up to $250,000 to address losses from the transfer of funds prompted by a criminal purporting to be a vendor, client or authorized employee.

Bill Jennings, Beazley's crime and fidelity underwriting manager, said: "The addition of Natalie increases our ability to work with larger financial institutions and Fortune 500 companies based in the central US. It's important that organizations are protected against the evolving threat of both employee crime and the increasing prevalence of spear-phishing emails that result in illegal funds transfers due to fraudulent instructions."

Note to editors:
Beazley plc (BEZ) is the parent company of specialist insurance businesses with operations in Europe, the US, Latin America, Asia, the Middle East and Australia. Beazley manages six Lloyd's syndicates and, in 2015, underwrote gross premiums worldwide of $2,080.9 million. All Lloyd's syndicates are rated A by A.M. Best.

Beazley's underwriters in the United States focus on writing a range of specialist insurance products. In the admitted market, coverage is provided by Beazley Insurance Company, Inc., an A.M. Best A rated carrier licensed in all 50 states. In the surplus lines market, coverage is provided by the Beazley syndicates at Lloyd's.

Beazley is a market leader in many of its chosen lines, which include professional indemnity, property, marine, reinsurance, accident and life, and political risks and contingency business.

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