Beazley News

Businesses Warned of Cryptocurrency ‘Sextortion’ Cyber Risk

A new form of online bribery by cyber criminals who attempt to extort cryptocurrency by claiming to have potentially embarrassing evidence of people using adult websites on work computers is adding to the tide of cyber-related incidents hitting businesses, according …

Ascot, Beazley Launch $50M Cargo Claims Consortium for Small-Medium Firms

Ascot and Beazley announced the launch of a Lloyd’s-based cargo consortium using insurtech technologies to help manage risk and claims performance. Led by Ascot and Beazley, the consortium brings together a range of cargo carriers that will provide a maximum …

Business News: Beazley, PURE, Stonetrust

Beazley Adds Embedded Workplace Violence Cover for its U.S. Insurer Clients Specialist insurer Beazley has added embedded workplace violence cover to the range of specialist products that U.S. insurers can access through its Beazley Product Solutions (BPS) team. By partnering …

Business News: Hartford InsurTech Hub, Aziel Corp., Good2Go, Beazley

Hartford InsurTech Hub Partners With Crawford & Company Hartford InsurTech Hub, powered by Startupbootcamp, announced a new partnership withCrawford & Company,a global independent provider of claims management solutions to insurance companies and self-insured entities. The partnership was formed through Crawford …

Equifax Cyber Policy Likely Inadequate Against Breach

Equifax Inc.’s insurance against cyber breaches is likely inadequate to cover the credit-reporting company’s costs tied to one of the biggest hacks in history, according to people familiar with the coverage. The company holds a policy that would probably cover …

Insurers Recruit Crime Insurance Talent From AIG

Beazley Plc hired Matt Barone from American International Group Inc., becoming the second insurer in a month to recruit from AIG to build groups that sell coverage protecting corporate clients against crimes. Barone joins the fidelity bond and crime team …

Beazley Launches Environmental Cleanup Costs Insurance

Beazley has expanded its environmental products offering with the launch of an Environmental Cleanup Costs insurance policy that provides coverage for cost overruns for remediation of known conditions at covered locations. The product, written on a non-admitted basis through Beazley’s …