SOURCE: Beazley Group

Beazley Group

October 12, 2016 08:00 ET

Beazley Increases Technology and Data Breach Underwriting Team for Large US Risks

LONDON, UNITED KINGDOM--(Marketwired - October 12, 2016) - Beazley, a pioneer in cyber and data breach response insurance, has appointed Aidan Flynn as a technology, media and business services senior underwriter focused on addressing the data breach and cyber security risks of large US companies. He will work out of the company's London office.

Mr Flynn joins Beazley from Axis Capital, where he was a senior technology, e&o and cyber underwriter for US-domiciled and international risks. Prior to that, he was a senior member of Marsh's London-based FINPRO team working with a select group of key clients.

Beazley is a leader in errors and omissions (e&o) and cyber insurance coverage for companies in technology, media and other industries, backed by an experienced and innovative claims team. In April, Beazley partnered with the world's largest reinsurer, Munich Re, to offer custom enterprise wide cyber protection for the world's largest businesses. Since the launch of Beazley Breach Response, a comprehensive services-based solution to data breaches in 2009, Beazley has helped clients handle more than 4,000 data breaches.

Paul Bantick, Beazley's UK focus group leader for technology, media and business services, said: "We're excited to add Aidan to the team and further expand our ability to address the wide range of risks faced by companies of all sizes, particularly those in the technology and media industries. Beazley's cyber, technology e&o and data breach response insurance policies give businesses access to dedicated and experienced breach response and claims managers to address the full scope of an organization's technology, cyber and data breach exposures."

Read the Beazley Breach Insights - July 2016 report.


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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