Beazley doubles environmental risk capacity to $50m with new Beazley Elements consortium at Lloyd's
August 23 2016 - 8:07AM
Beazley, a leading provider of specialist environmental liability
insurance, has increased its capacity for operational and fixed
site environmental risks to $50 million to cover the environmental
liabilities of large multi-national companies. The increased
coverage limits are backed by the Beazley Elements consortium of
Lloyd's insurers.
Beazley covers a wide range of environmental risks including
operational coverage for businesses that may face claims for
polluting the premises of third parties; professional liability
coverage for environmental consultants; protection for ongoing
fixed site operations; contractor's pollution liability; and
brownfield site remediation. Key target industries are the
manufacturing, industrial, real estate, hospital and educational
sectors.
"The Lloyd's market possesses unparalleled expertise and
resources to address the most challenging risks confronting large
businesses," said Jayne Cunningham, Beazley's environmental focus
group leader. "In recent years, the importance of Lloyd's as a
source of expertise and capacity for large scale environmental
exposures has increased significantly. The increased capacity
available through the Beazley Elements consortium allows us to
develop more solutions for larger businesses that address a wide
range of known, and potential, pollution incidents."
For further information, please contact: Beazley Group Hunter
Hoffmann Hunter.Hoffmann@beazley.com 917-344-3329 BZPR_08_23_16
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.
For more information please go to: www.beazley.com
CONTACT: Hunter Hoffmann
Hunter.Hoffmann@beazley.com
917-344-3329
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