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A Summary of Beazley’s European Insurance Products

About BeazleyBeazley, one of the leading insurers in the Lloyd’s market, has been doing business across Europe for more than two decades. Today we insure a wide variety of European clients ranging from software companies and healthcare providers (for professional and management liability), to shipowners (for hull, cargo and liability), to luxury goods retailers (for property). This booklet is designed to give you a perspective on the range of products we offer.

In addition to our headquarters in London, we have offices focusing on various business lines in Paris, reinsurance in Munich, and energy in Oslo. Our marine team has local offices in the UK in Ipswich, Manchester, Birmingham and Leeds.

We are not a ‘one size fits all’ insurer – we are ready and willing to craft our cover to meet the precise needs of each client, working closely with the client’s broker.

We place equal emphasis on claims service and underwriting. Our claims staff work alongside our underwriters in close teams. We believe that by understanding the intent behind each policy our claims staff can deliver a swifter, more supportive service.

The contact details of our underwriters are provided for each product described in this guide. We look forward to discussing your insurance needs.

beazley.com

Contents

Life, Accident & Health 1 - 5

Marine & Energy 7 - 16

Space 17 - 19

Aviation 21 - 25

Political Risks & Contingency 27 - 31

Property 33 - 44

Reinsurance 45 - 49

Professional Indemnity 51 - 60

Technology, Media & Business Services 61 - 66

Management Liability 67 - 71

At the foot of each page in this guide is a map of Europe. Many of our covers are written on a worldwide basis and are available to clients in all countries in Europe. For these products the entire map is coloured dark pink. For those products that are only available to clients in particular countries, the relevant countries are highlighted.

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Life, Accident & HealthOur life, accident & health division was established as a business in 2000, formerly operating as Momentum Underwriting Management Ltd (MUM). Beazley Group acquired MUM in 2008. Two syndicates – syndicate 3623 focusing on accident and health business; and 3622 dedicated to life business – were established to support the division.

Our principal underwriters and claims staff have an average of 25 years experience in the business. This extensive experience has provided us with comprehensive market and product knowledge that underpins excellent working relationships with clients and brokers. A fully integrated claims team provides an efficient and professional service.

Our team provides joined up solutions to placing all personal accident and life covers. For instance, a football team’s disability benefits can be placed with our sports underwriters, while the coverage for death from natural causes is placed with our life syndicate. Alternatively, the crew of an airline might be covered for death from natural causes by the life syndicate, while accidental death and dismemberment, temporary total disablement and medical expenses are covered by the personal accident syndicate.

beazley.com/accident&health

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Life, Accident & HealthLifeCoverage• Death by any cause or death by natural causes (DNC)• Other ancillary disability benefits – only to be written in

conjunction with life (including critical illness)

DefinitionGroup death in service

Target• Standard white and blue collar workers• Ships’ crew• Air and ground crew• Hazardous occupations/territories

LimitsMaximum any one person: €1,500,000Maximum any one accumulation: €15,000,000

TenorUsually 12 months but will consider up to 36 months

[email protected]@beazley.com

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Life, Accident & HealthSportsTarget• Individuals• Teams• Sponsors• Associations

We specialise in professional football, rugby union, rugby league, cricket, basketball and golf.

Coverage• Accidental death• Permanent total disablement (Accident and/or sickness)• Temporary total disablement (Accident and/or sickness)



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Life, Accident & HealthPersonal AccidentCoverage• Insurance and reinsurance• Accidental death• Permanent total disablement (PTD) – own or any and every

occupation• Temporary total disablement (TTD)

DefinitionMost lines of protection can be offered, including war and terrorism, aviation and ships’ crew, evacuation and repatriation, loss of licence, and key man business.



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Marine & EnergyThe Beazley marine team is a recognised leader in the insurance of owner-operated shipping company business. We help insure approximately 20% of the world’s ocean going tonnage and are the prominent leader of voyage and tow business in the London market. Our underwriters have an excellent understanding of the industry and their customer base and place great importance on maintaining a close and knowledgeable relationship with the management of the companies they insure.

Our energy clients range from small, regionally focused, independent oil and gas companies through to larger, international, integrated energy companies. Today we insure over 600 of the world’s foremost upstream oil and gas companies.

beazley.com/marine

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Product Clients Coverage Limits

Cargo ImportersExportersManufacturersSuppliersShipping lines

Our book of business consists of a wide range of general cargoes with emphasis on oil, general commodities and general machinery.

Up to €50m

Fine Art & Specie ImportersExportersPrivate ownersAuction housesMuseums

We write a general specie portfolio of fine art, covering private collectors and auction houses, together with museum exhibitions. Very little primary cash in transit exposure is written into the account.

Up to €75m

Project Cargo ImportersExportersManufacturersProject managers

We write a balanced book of business consisting of standard power plants and desalination plants, together with more technical projects, including one-off shipments.

Up to €30m

[email protected]@beazley.com [email protected]@beazley.com

Marine & Energy Marine Cargo, Fine Art & SpecieBeazley has been insuring a wide range of general cargoes since 2003. We offer protection for goods while in transit (by land, sea or air) and in store during the ordinary course of transit or long term storage. Our Fine Art & Specie account is written on world wide basis covering physical loss or damage to Fine Art & Specie whilst in storage or transit.

Our main client categories and coverages are summarised below:

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Builders’ Risk Shipbuilders Coverage for the various perils faced during construction/conversion of vessels. These will typically include such risks as sea trials, third party liability during construction, and removal of wreck.

Up to €100m

Hull & Machinery ShipownersCharterers

A broad spectrum of coverages including ITCH/American Institute Clauses and Norwegian Hull forms. Losses covered typically include total loss of vessel, repair costs following damage to vessel; certain expenses and liabilities; sue and labour; GA contribution; and salvage costs.

Up to €50m

Increased Value ShipownersCharterers

Additional indemnity is given to that provided for under the insured’s hull and machinery policy following total loss of the vessel. Coverage would not usually exceed 25% of the value stated in the hull and machinery policy.

Up to €50m

Voyage & Tow Shipowners CharterersManagersFinancial institutionsShipyards

Coverage for vessels being towed, whether for repair, delivery or break up and provided on the basis of pre-agreed routing; a pre-tow survey may be required.

Up to €50m

Marine & Energy Marine HullThe Beazley marine team is a recognised leader in the insurance of owner-operated shipping company business. Our main client categories and coverages are shown on this page and the next:

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Mortgagees’ Interest

Financial institutions involved in the maritime industry

Indemnifies the mortgagee (relating to a hull and machinery policy) for outstanding monies due in the event of non payment of a claim following a breach of warranty by the operators of said vessel.

Up to €75m

Marine & Energy Marine Hull (Cont.)


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Professional Indemnity

Marine surveyors, marine consultants, shipyards, marine pilots, naval architects, P&I club correspondents, new building supervisors, forwarding agents, truck brokers, crew agents, classification societies, yacht brokers, yacht managers, ship managers

Negligence, third party liability, errors and omissions, liabilities to authorities, breach of warranty of authority, libel and slander, loss of documents, costs

Up to €50m

Transport & Logistics Liability

Freight forwarders, NVOCC, multimodal transport and logistics operators, rail freight/stack train operators and warehouse operators, customs brokers

Loss or damage to cargo, errors and omissions, third party liabilities, fines and penalties, costs

Up to €50m

Ports & Terminals, Cargo Handling Equipment

Cargo handling/stevedoring operations, marine terminal operators, warehousing operations, port authorities, container freight stations operators, depot or air freight terminal operations

Liabilities for loss or damage to cargo, vessel and equipment liability, removal of wreck and pollution, errors and omissions, fines and penalties, third party liability, loss or damage to owned equipment, real property, legal and defence costs, business interruption

Up to €50m

Marine & Energy Marine LiabilityWe offer liability coverage to the marine and transport sectors. Our main client categories and coverages are shown on this page and the next.

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Marine & Energy Marine Liability (Cont.)


Miscellaneous Liability

Ship repairers, ship yards, charterers, shipowners, financial institutions and others involved in the marine industry

Coverage is provided for additional perils, pollution, cargo liability, third party liability, mortgagees’ additional perils (MAP), charterers liability, overspill, excess pollution and other associated risks.

Up to €50m

Protection & Indemnity

Shipowners, time charterers etc.

We offer cover for operators liability in respect of crew and passengers. Damage to fixed and floating objects and cargo resulting from the insured’s negligence and pollution costs.

Up to €50m

[email protected] [email protected]

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Marine & Energy EnergyThe Beazley Energy team is a recognised leader in the insurance of Upstream and Midstream energy business. Our experienced Energy team provides competitive and flexible protection to companies operating worldwide. We are able to offer bespoke coverage solutions for Oil and Gas Exploration and Production companies and Contractors working within the upstream sector both onshore and offshore as well as midstream company’s engaged in the transportation of oil and/or gas.


Customer type Clients Coverage Limits

Upstream Companies involved directly or indirectly in the extraction and production of oil and/or gas

Property damage, sue and labour, removal of debris expenses, loss of production income, control of well, redrill and restoration expense, pollution from wells and legal liabilities.

Up to €125mper platform

Midstream Companies involved in the transport and storage of oil and/or gas or any related product

Repair and replacement costs following physical damage. Gross or net earnings basis business interruption. Excess legal liabilities.

Up to €50m

ContactInternational: [email protected] [email protected] [email protected]

Scandinavia: [email protected]

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Marine & Energy WarIn a world of growing perils, Beazley stand as a recognised leader in marine related war risks. We provide competitive quotes across a broad spectrum of coverages including institute war and strikes clauses, American and Norwegian forms and a variety of other conditions either including or excluding piracy.

We offer bespoke coverage depending upon the individual requirements of the insured, this can include marine kidnap and ransom, and loss of hire coverage. Both standard and nonstandard covers are offered for nearly all types of marine related war risks in a variety of locations worldwide.



Marine War ShipownersCharterers

War perils are usually excluded from the hull and machinery cover and we can provide competitive quotes to cover these under a separate policy.

We provide cover for vessels trading worldwide excluding enhanced risk areas. Cover for such areas is available at an additional premium, based on prior agreement with us.

Up to €75m

Aviation War Aircraft owners

As with hull war, aviation war perils are excluded under the aviation hull and machinery cover and we can provide competitive quotes to cover these under a separate policy.

Up to €20m


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Marine & Energy Marine PiracyBeazley’s piracy insurance protects ship owners from the illegal seizure of their vessels and the kidnapping of those onboard. We work closely with high experienced negotiators and crisis management specialists to secure swift and safe outcomes for our clients.

TargetOwners and operators of ocean-going craft conducting transits of the high risk areas.

Scope of cover• Crisis management/response team• Ransom • Loss of ransom in transit• Additional expenses (fees and expenses necessarily incurred)• Legal liabilities• Personal accident

Optional coverageLoss of hireAvailable standalone or in conjunction with the piracy cover.

LimitsPiracy USD15,000,000 – Higher limits may be available on requestPiracy Loss of Hire USD15,000,000 – Higher limits may be available on request

Combined war and piracy coverageBeazley’s piracy insurance is also available in conjunction with our war coverage as a fully combined policy with limits of up to $75m. The combined policy is the first dedicated product of its kind in the Lloyd’s market and is provided at a discount to the two covers purchased separately.

[email protected]

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SpaceBeazley Space provides bespoke insurance solutions for satellites covering their entire lifespan from launch to in-orbit testing and during their commercial exploitation. These include telecommunication satellites in geostationary orbit as well as observation, navigation, meteorological, scientific and government satellites.

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SpaceTarget• Satellite operators• Spacecraft & space systems manufacturers• Launch vehicle providers• Satellite transponder users

Coverage• Asset physical damage• Space third party liability• Loss of revenue • Business interruption• Data breach liabilities from cyber attacks

Limits$15,000,000 – 20,000,000 per satellite $50,000,000 of maximum limit for space third party liability risks

[email protected]

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AviationWe provide cover for airlines and general aviation clients globally. The airline team focus on small to mid-sized airlines and start-up operations. The general aviation team provide cover for private\limited commercial aircraft as well as small to large commercial fleets, including offshore operators. The team are highly respected within the market and are leaders in the class, having developed a wealth of industry knowledge through many years in the London market.

beazley.com/aviation

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AviationAirlinesTarget• Small to medium sized airlines including start-ups

Coverage• Hull and liability• Passenger and cargo• Contingent/repossession cover for banks and financial institutions

LimitsHull: Up to US $10,000,000Liability: Up to US $100,000,000

[email protected]

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AviationGeneral Aviation and Rotor WingTarget• Commercial and private operators• Onshore/offshore operators• Business jets and medium to high value turbo prop aircraft

CoverageHull and liability

LimitsHull: Up to US $5,000,000Liability: Up to US $60,000,000

[email protected]

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AviationNon Critical Products & MiscellaneousTarget• Commercial and private aircrafts

Coverage• Small non-critical products• Repair and overhaul specialists

LimitsUp to US $50,000,000

[email protected]

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AviationTotal Loss OnlyTargetBanks, financial institutions, operators’ and investors’ interests in aircraft hulls

CoverageTotal loss of airframe

LimitsUp to US $10,000,000

[email protected]

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Political Risks & ContingencyOur political risk clients have exposures in markets around the world and we have paid claims in every continent bar Antarctica. Our clients rely upon extremely diligent and responsive underwriters for mitigation of performance, payment, terrorism and political risks. We set ourselves apart because we make rapid decisions based upon a deep understanding of our clients’ businesses and the political and economic environment.

We lead the market in creative solutions for terrorist and politically motivated attacks on insured assets. The current product portfolio responds to damage from risks such as terrorism, riots, war, civil war, revolutions and wider political violence risks, to assets ranging from refineries to works of art.

Our contingency team is one of the strongest in the London market. We specialise in event cancellation, writing everything from conferences and exhibitions to world cups and premier sporting events. Weather-related disruptions are a frequent cause of loss but more unusual loss triggers such as communicable diseases, national mourning, war and terrorism can be covered. Additionally, we insure event organisers for non-appearance of performers, over redemption/brand promotion and prize indemnity for competitions and game shows.

beazley.com/politicalcontingency

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Political Risks & ContingencyPolitical Risk & Trade Credit InsuranceCoverageWe mitigate our clients’ cross-border risks in respect of assets and investments exposed to political force majeure events such as expropriation, wars, acts of terrorism and other forms of selective political discrimination.

Contract frustrationWe provide insurance for trade and investment contracts with governments and government owned companies all over the world against non-payment for reasons of inability or unwillingness.

Structured trade creditWe provide insurance for commercial credit risk for exporters, traders and banks. We insure trade and investment contracts with private obligors against non-payment for commercial or political reasons.

LimitsLead line of up to €50,000,000 any one risk

TenorUp to a maximum of 7 years

[email protected]

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Political Risks & ContingencyTerrorismBeazley provides coverage against all politically motivated attacks (political, ideological and religious), offering:

Asset protection for businesses of all sizes• Attacks resulting from terrorism and sabotage (including attacks

utilising nuclear, chemical, biological and radiological weapons)• Riots, strikes, civil commotion• Mutiny, insurrection, coup d’etat, rebellion, revolution• Civil war, war

Coverage• Material damage to almost any listed asset and occupation• Business interruption and contingent business interruption cover

flowing from such material damage

Terrorism liability• Covers financial costs to a company against claims for damages

by third parties or employees who are injured in a terrorist attack• Extends to third party property damage

Target• Businesses of any size, from companies with global assets to

companies with a single critical asset• Banks and lenders wanting security on loans• Insurance companies with significant risk retention under e.g. TRIPRA

LimitsUp to €/US $100,000,000 any one risk for a period of up to 24 months (or 48 months for construction policies).

Depending on local insurance regulation, we can offer both insurance and reinsurance solutions.

[email protected]

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Political Risks & ContingencyContingencyBeazley is the market leader in contingency insurance for the sports, leisure, entertainment, conference, exhibition and trade show industries. Our team of underwriters are the most experienced in the market and have knowledge and expertise gained over 20 years to advise brokers and their clients on assessing risk and designing the right coverage.

Coverage• Event cancellation • Non-appearance • Weather • Film production • Advertising agents• Prize indemnity• Event liability

Target• Conference, exhibition and event organisers• Media companies• Broadcasters• Sponsors• Advertisers• Promotion agencies

LimitsEvent cancellation – Up to €25m for standard events

[email protected]

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PropertyThe reputation of our specialist property team is built upon its exceptional expertise, service delivery and product range. At the heart of our approach is an integrated underwriting and claims service delivering a quick, simple and fair experience for brokers and their clients.

Our capability spans the specialist property sector. From the world’s largest construction projects, underground mining, heavy industrial sites to the jewellery trade and high value homeowner risks in the US and UK we have a broad underwriting appetite.

The experience of our underwriters ensures we can deliver straight answers to the toughest coverage questions, without referrals. We prioritize speed and accuracy of policy issuance, bringing enhanced contract certainty and reduced E&O exposures for brokers.

Reflecting our ability to effectively understand and simplify complex issues, we are one of the few insurers in the world that is able to underwrite the most technical risks. It is therefore no surprise that we are the lead insurer on over 70% of the business that we write.

beazley.com/property

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PropertyLarge Commercial Property From office buildings and hospitals to heavy industrial sites, we insure large commercial property business around the world. Our reputation in the field of large commercial property risks is reflected in the fact that we are the lead underwriter on around 75% of the business we write. We are known for our disciplined underwriting approach whether on a primary or excess basis, bespoke wordings and stable partnerships with existing accounts of 20-30 years.

Coverage availableFinancial loss as a result of physical damage to buildings, contents, machinery, equipment and stock, as well as losses reducing business turnover caused by insured perils.

Subject to the terms and conditions of the policy, we will pay claims for fire, explosion, flood, windstorm, earthquake and other causes under an All Risks or Difference in Conditions form.

Underwriting appetiteProperty portfolios; real estate; hotels; retail; mining; manufacturing plants, power generation; railways and transport; steel

LimitsUp to US $20,000,000 any one risk

Target marketWe write a global portfolio of business with a focus on North America, Latin America, the Caribbean, Australasia and Europe.

[email protected]@[email protected]’[email protected]

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PropertySmall Commercial Property Our small business commercial property team underwrites risks globally through Lloyd’s brokers on a delegated authority/MGA basis. We are a lead underwriter of choice for both brokers and Lloyd’s syndicates.

Our underwriters are experts in their respective fields and are equipped to make quick decisions without the need for referral. Through clear directions and open discussions our coverholders are empowered to do the same. This coupled with in-depth knowledge of local territories as well as an integrated claims team means we consistently deliver expert advice and a great service.

We insure office buildings, hotels, restaurants, bars, retail spaces and apartments. Our products also include forced place property, motor truck cargo/auto physical damage and inland marine.

We have a dedicated wordings team that can help brokers finesse the wordings to the specific needs of their clients.

Coverage Subject to the terms and conditions of the policy, we will pay claims for fire, explosion, flood, windstorm, earthquake and other causes.

Typical exclusions Liability covers personal liability, boiler and machinery, chattel insurance, punitive damage, mobile homes, saw mills, construction risks, night clubs.

Limits Maximum limit US$1m for any one risk with a maximum total insured value of US$5m.

Contact [email protected] [email protected] [email protected]

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PropertyHomeowners UK Working closely with high calibre insurance brokers, who operate as Lloyd’s coverholders on a delegated authority basis, we provide a high quality and accessible home insurance product targeted at the mid to high net worth customer profile. Supported by Beazley Trade, our web-based underwriting platform and backed by our flexible underwriting approach, we pride ourselves in offering a proven underwriting solution that meets the needs of our coverholders and their clients alike.

Beazley Trade is engineered to help our coverholders offer a fast and efficient service by providing a unique online trading platform in support of the delegated underwriting process. Authorised users are able to administer the policy through its lifecycle from quote to bind allowing for empowered and quick responses. The system generates policy documents and includes mid-term adjustment and renewal functionality, all delivered through the platform. We offer a comprehensive worldwide ‘all risks’ product that covers homes and possessions against a wide range of events.

Beazley home insurance is designed for individuals with higher value homes and possessions. It is suitable for properties with a rebuild value of £250,000 or greater and/or general contents with a new for old replacement values in excess of £50,000. As well as insuring buildings, contents and personal possessions we also specialise in covering fine art collections, jewellery and antiques.

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PropertyHomeowners (Cont.)Rest of World In addition to our UK offering we also underwrite small and medium value homeowner insurance globally in partnership with local coverholders from our base at Lloyd’s.

We offer up to US$1,000,000 in insured value (excluding limits for personal liability and medical expense.)

Contact [email protected] [email protected] [email protected] [email protected]

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PropertyJewellers block Our team underwrite all aspects of the jewellery trade, including wholesale, retail and manufacturing, along with associated trades such as pawnbrokers, art dealers and galleries. From small and medium enterprises to large multinationals with global branches, geographically we can consider business on a worldwide basis.

The team underwrites a global account, utilising specialist surveyors, security consultants and trade associations unique to each country, providing expert risk management advice to the policyholders.

Other features include:

• Adoption of the latest technologies where possible to enhance security and reduce the likelihood of theft, such as smoke generating systems, ‘smart water’, improvements in security glazing, locks, alarm sensors and multi path signalling• Support given to our producers through fast quote responses (same day or 24 hour submission responses)• Flexible cover with terms specifically tailored and appropriate to the territory

Coverage available The core commercial products cover risks of direct physical loss or damage to trade stock of the customer’s business, including while in transit away from the premises if required. Depending on the territory, coverage may be extended to include general business contents, glass, buildings, exhibitions/shows and loss of profits on a fire and perils basis.

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PropertyJewellers block (Cont.) Specialist areas underwritten by the team include:

• Jewellers block – retailers, wholesalers, manufacturers and pawnbrokers • Art and antique dealers • Fine art – both private collections and commercial • Private jewellery and collections • Coin and stamp dealers – both private collections and commercial • Gun dealers • Auctioneers • General specie excluding cash in transit

Limits available Up to $10,000,000. Further increases are available as special acceptance – excluding third party liability and employers liability.


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PropertySwiss Beazley has longstanding experience of successfully partnering with coverholders throughout Switzerland.

The success of our Swiss business is based upon long term relationships, accessibility to our underwriters and quality of claims handling.

With excellent knowledge of the local market we provide cover for a range of risks including:

• Homeowners • Holiday homes • Private collections • Private jewellery • Musical instruments • Classic car collections • Small to medium enterprise commercial business • Personal accident

Key features and limits • Working in partnership with carefully selected coverholders • Insureds must be Swiss domiciled • Local language wordings are available for all products • Underwriting limit of CHF10,000.000 for any one risk and any one location

Contact [email protected] [email protected]

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PropertyBeazley Bespoke SolutionsOur Beazley Bespoke Solutions team specialises in affinity business specifically in product-enhancements. The portfolio is very diverse ranging from products such as credit card enhancements, unemployment, auto-related add-ons to mobile phone protection.

Coverage Subject to the terms and conditions of the policy we will pay claims for losses arising from: accidental damage, theft, loss, unemployment, accident or sickness, fraud, and other causes depending on the nature of the product.

Limits Up to USD 50,000 any one loss Up to USD 5,000,000 (mortgage impairment product)

Target market • Financial Institutions • Associations/Membership schemes • Auto Dealerships • Retailers

Contact [email protected] [email protected]

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PropertyConstruction & EngineeringOur highly experienced construction and engineering team in London provides Lloyd’s brokers with insurance and reinsurance underwriting capacity for all types of construction projects globally. We underwrite both single project and annually renewable business for owners, contractors and developers and can offer both proportional and excess of loss cover.

Underwriting appetite • Annual covers • Building risks of all types • Power generation facilities • Onshore chemical, oil & gas • Metal industry • Manufacturing plants • Mining • Cement, ceramics & brick production • Civil engineering projects

Coverage available We are able to offer coverage on a variety of classes and products, including:

• Contractors all risks (CAR) • Erection all risks (EAR) • Primary third party liability written with CAR/EAR coverage • Advanced loss of profits/delay in start-up written with CAR/EAR coverage • Machinery breakdown • Machinery loss of profits • Contractors plant & equipment • First year operational power following EAR coverage

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PropertyConstruction & Engineering (Cont.) Limits Up to US $62,500,000 probable maximum loss (PML) or US $250,000,000 sum insured.

As a member of the Construction Consortium at Lloyd’s, we can offer capacity to lead risks on major projects of up to US $212,500,000 PML or US $800,000,000 sum insured.

Catastrophe (CAT) coverage Various limits available worldwide

Territories Worldwide


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ReinsuranceExperience and innovation, combined with a focus on long term relationships, have enabled our reinsurance team to work successfully with some of the world’s most sophisticated insurance businesses for over 20 years.

Although market capacity has fluctuated dramatically over the last 25 years as a result of catastrophes and large risk losses, we have maintained our commitment to our core clients. Around 80% of our top 20 clients have reinsured with us for 20 years or more. Our Munich office opened in October 2008 to focus on European business that does not traditionally come via the wholesale channels to London.

Our strategy is to manage our business within a long term context by identifying and reinsuring top quality counter parties. We look for clients with financial integrity; an intimate knowledge of their business; and the management systems and underwriting controls to ensure both their continued success and our long term profitability. We like to lead business as this enables us to apply our expertise in claims management and build stronger relationships with our clients.

Specialty treaty The Beazley specialty treaty team partners with specialist insurers of professional and management liability risks in a collaborative way with a long term perspective. We write both pro rata and excess of loss, and specialise in working layer risk excess and catastrophe excess of loss.

beazley.com/reinsurance

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ReinsuranceProperty CatastropheTargetWe have a diverse client base which includes large national carriers, multinational companies and regional cedents.

Key criteriaWe specialise in writing property catastrophe excess of loss on a worldwide basis. We focus our capacity on long-term clients with a detailed understanding of their original exposures and strong catastrophe management controls.

A combination of expertise, utilisation of the most up to date catastrophe models and other analytical tools and a strong understanding of our clients’ reinsurance requirements enables our reinsurance team to set terms in this class.

Limits Up to €20,000,000

[email protected] (London)[email protected] (Munich)

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ReinsuranceProperty RiskTargetWe cover a wide range of clients with portfolios ranging from small and mid-sized to large commercial and industrial. We also write engineering risk excess business covering erection and machinery breakdown risks.

Key criteria We focus our capacity on long-term clients with an intimate knowledge of the original risk. We also look to write business that complements our syndicate’s underwriting.

Regular meetings with our clients enable us to maintain a strong understanding of their underwriting strategy, helping us to better understand the exposures we are underwriting. As a result of this and our application of a range of analytical and actuarial models, we have the experience and expertise necessary to set terms in this class.

Limits Property per risk €7,500,000Proportional reinsurance €3,000,000Aggregate excess of loss €5,000,000

[email protected] (London)[email protected] (Munich)

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ReinsuranceSpecialty Treaty We write pro rata and excess of loss. We specialise in working layer risk excess and catastrophe excess of loss. Our latest product innovations include systemic catastrophe protection and embedded product quota shares.

Preferred classes of businessHealthcare, professional indemnity, management liability, miscellaneous errors and omissions, and specialised classes.

Limits availableOur maximum line size is €5,000,000

Target markets• Mutuals• Pools• Reciprocals• Small and mid-size insurers• Specific departments and smaller classes of business

within large firms• Trusts• Captives

Consistent with the Beazley approach, we focus on claims made business or occurrence business with a controlled latency exposure.

[email protected]

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Professional Indemnity Beazley has written this class of business since 1986 with extensive experience in the European market. Our underwriters offer coverage through Beazley syndicates at Lloyd’s (rated A by A.M. Best) or through our service company, Beazley Solutions – trading as Beazley IDL in the UK and Beazley France in France.

We offer professional indemnity coverage for: accountants, architects and engineers, insurance and financial intermediaries, lawyers, public officials, healthcare organisations, healthcare professionals, paramedical professionals, technology, media and business services companies, quantity surveyors, project co-ordinators, CDM consultants, costs consultants, land surveyors and miscellaneous risks.

Beazley recognises the need for specialised territory knowledge and local language capabilities. We seek to match our local knowledge with our depth and experience of the class to provide specialist products and superior service to our brokers and their clients.

beazley.com/profliab

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Professional IndemnityArchitects & Engineers (SME) Size/DefinitionFirms up to £/€100,000,000 in gross fees

Coverage highlights• Any one claim limits available in the UK and where other

jurisdictions require it• Costs in addition available in the UK and where other

jurisdictions require it

Target disciplinesInterior designers; quantity surveyors; project co-ordinators; CDM consultants; costs consultants; land surveyors; environmental consultants and other specialist disciplines.

LimitsUp to £/€5,000,000

ContactUK: [email protected]: [email protected]

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Professional IndemnityInsurance and Financial Intermediaries (SME)Beazley have written this class of business since 1986, with experience of most European territories, underwritten via our Lloyd’s syndicates or through our service company.

Local market knowledge, language capability and involvement with local regulators in certain territories ensure we offer market leading coverage.

CoverageFinancial protection for errors and omissions arising from services provided by brokers and financial advisers/intermediaries.

SizeFirms with fees up to €10,000,000

LimitsUp to €5,000,000

ContactInternational: [email protected] France: [email protected]

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Professional IndemnityHospital Professional Liability CoverageHospital professional, general liability and employers liability

DefinitionFull spectrum of hospital risks insured, from small community through to major tertiary/quaternary urban teaching institutions

We seek quality focused organisations that are skilled at managing their own risk

Target marketLarge entities managing their own claims and seeking excess protection


[email protected]

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Professional IndemnityMiscellaneous Healthcare LiabilityDefinitionAllied health professional schemes, clinical and reference laboratories, tissue/blood banks, organ procurement organisations, clinical research organisations (CROs), correctional healthcare, medi-spas, occupational health, healthcare consultants, paramedical professionals, ground and air ambulances.

Coverage highlightsMedical professional, general liability and E&O

Target market• Write not-for-profit, for-profit, publicly traded and government risks• We can handle claims, or agree to allow a local TPA to handle claims• Schemes and association business

LimitsSME – capacity up to €5,000,000 Large risks – capacity up to €10,000,000

We write primary excess and excess follow form. As a general rule, companies with revenues up to €25m are underwritten by our SME team. Those companies with revenues greater than €25m are underwritten by our large risks department.

ContactSME: [email protected] risks: [email protected]

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Professional IndemnityLawyers’ – Regional and Specialist Law FirmsSize/DefinitionFirms up to €20m in gross fees

Coverage highlightsClaims made coverage including damages, settlements, judgements, defence costs and expenses related to professional negligence, breach of fiduciary duty, and errors and omissions claims.

D&O and outside board position (ODL) coverage also available.

Target disciplinesRegional and specialist law firms down to individuals in private practice and offshore sector firms.


[email protected]

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Professional IndemnityLawyers’ – Global & National Law FirmsTarget• Firms with revenues of €25m or more• Sophisticated relationship oriented and well managed firms

with proven risk management

Highlights• Broad insured person definition• Mutual choice of defence counsel• Limit reinstatement option

We can also provide coverage for employment practices liability and management liability. Broad form.

Practice FocusAll

Limits/RetentionsUp to €20,000,000 on 100% or subscription basis. Retention is case by case.

[email protected]

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Professional IndemnityPublic Officials LiabilityFor over 15 years Beazley has provided coverage for public entities and officials working for these public bodies.

Local market knowledge, language capability and involvement with local regulators in certain territories ensure we offer market leading coverage at all times.

Coverage highlights• Negligence claims including gross negligence• Defence costs in administrative courts

Target markets• Town/local/regional authorities• Health authorities and public hospitals• Public university bodies• Individual officials• Government bodies


[email protected]

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Professional IndemnityMiscellaneous Errors & Omissions (SME) Beazley serves a broad range of professionals and service providers around the world. By matching our specialised territory knowledge and local language capabilities with our depth and experience of the class, we offer improved service to our clients and their brokers.

Coverage is detailed and drafted according to the precise needs of our clients and we work with professional bodies and trade associations where appropriate.

Examples of successful miscellaneous schemes include:• Driving instructors• Education establishments• Surveyors• Clinical research organisations

Target activities• Management consultants• Research organisations• Outsourcing companies• Security consultants

LimitsUp to £/€5,000,000

ContactUK: [email protected]: [email protected] France: [email protected]

• Bailiffs• Asbestos consultants• Sports agents

• Coaches/training/education• Human resources consultants• Recruitment• Health and safety/

inspection services

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Technology, Media & Business ServicesFast changing industries confront fast changing risks. Our team is skilled at crafting insurance coverage that helps technology, media and business services clients seize new opportunities in some of the most competitive and dynamic markets on earth. Our clients include a third of the top 25 global software and software services companies as ranked by Software Magazine.

Insurance isn’t normally expected to work like this. Most insurers derive their cues from “rear view mirror” underwriting. If past experience provides little or no indication of how to price a risk, they won’t underwrite it. That is why the pace of coverage innovation so often lags the pace of innovation in the industries seeking coverage.

Our approach is different. We seek to understand our clients’ business models and analyse their attendant exposures. And we look to design insurance coverage that can be a source of competitive advantage for our clients.

beazley.com/tmb

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Technology, Media & Business Services AFB Media Tech © DefinitionProfessional, technology, multimedia, privacy and network security liability coverage in a single form for a broad spectrum of companies

Coverage highlights• Errors and omissions (E&O) coverage for technology products

and services• Broad professional liability coverage integrated into the policy• Third party computer and network liability coverage• Multimedia and advertising liability coverage• Data breach/Cyber cover

Target markets We have a broad risk appetite that includes, but is not limited to, the following:• Miscellaneous E&O (business services)• Technology E&O

(Computer services/Information technology services)• Technology services• Telecommunications E&O

Key territoriesWorldwide (including North American coverage)

LimitsUp to €25,000,000/£15,000,000

As a general rule, companies with total assets/revenues up to €10m will be underwritten by our SME team. Those companies with total assets/revenues above €10m will be underwritten by our large risks team.

ContactSME: [email protected] risks: [email protected]@beazley.com France: [email protected]@beazley.com [email protected]

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Technology, Media & Business Services Information Security & Privacy CoverageProvides industry-leading coverage for emerging data security and privacy exposures facing companies today.

Highlights• Electronic media liability – coverage for the display of electronic content

on insured’s website; extends to many internet-related exposures• Computer information security – third party coverage in response

to unauthorised access, theft or destruction of data• Privacy liability – coverage for theft of personally identifiable

non-public information; coverage for failure to comply with the insured’s privacy policy

• First party coverage for losses from network security breaches – includes coverage for destruction and loss of data, network business interruption, and cyber extortion.

Target markets• Retail• Healthcare• Financial institutionsWe will also consider many other companies.

LimitsUp to €25,000,000/£15,000,000

As a general rule, companies with total assets/revenues up to £/€10m will be underwritten by our SME team. Those companies with total assets/revenues above £/€10m will be underwritten by our large risks department.


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Technology, Media & Business Services Beazley Global Breach Solution Beazley Global Breach Solution (BGBS) is a unique insurance, loss control and risk mitigation service that enables businesses to manage the growing responsibility of holding large quantities of personally identifiable customer data and to mitigate the reputational risk resulting from a data security breach.

Coverage highlights• Coverage features include the following services, designed to

mitigate the reputational risk and the risk of legal action being brought against the insured:

– Forensic investigation services to assess the cause, gravity and extent of any breach and to provide risk management services

– breach notification for third parties, lessening the administrative burden of the breach

– Credit monitoring and/or fraud protection services (dependent on the jurisdiction)

– legal advice and support to assess the legal ramifications of the breach and the actions required to mitigate them

– Public relations and crisis management specialists to handle the crisis response plan and communications strategy

• Coverage for defence costs incurred for regulatory breaches and for fines and penalties if insurable by law

• Third party coverage

Target marketsBGBS is available for a wide range of sectors including: healthcare, retail, hospitality, financial services and higher education. Other classes of business will also be considered.

Limits TerritoriesUp to €25,000,000/£15,000,000 Global


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Technology, Media & Business Services Beazley Breach Response Beazley Breach Response (BBR) offers an integrated services based solution to data breaches with privacy breach response services that do not erode the third party liability coverage.

Coverage highlights• Forensic and legal assistance from a panel of experts to help

determine the extent and scope of a data breach• Discretionary notice to individuals potentially affected by the breach in

which there is a resulting risk of financial, reputational or other harm• Credit monitoring and/or fraud protection services (dependent on

the jurisdiction)• Public relations and crisis management consultants• Third party information security and privacy coverage• Coverage for regulatory defence and penalties• First party business interruption and data protection

Target marketsHealthcare, retail, hospitality, financial services and higher education. Other classes of business will also be considered.

Limits• Coverage for up to 5,000,000 notified individuals per policy period• Up to £/€150,000 for crisis management and public relations • A separate sub-limit for fines and penalties resulting from non

compliance with Payment Card Industry (PCI) data security standards• Per incident retentions as low as £/€5,000 for legal services• Credit and monitoring services start at breaches over 250 or 500

notified individuals depending on the size of the company.• Up to €25m/£15m for first party business interruption and data protection• Up to €25m/£15m for third party liability

TerritoriesUK, France and Italy


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Management LiabilityWe have been underwriting directors’ and officers’ (D&O) liability and employment practices liability (EPL) business for more than 20 years. Privately held companies of all sizes can be the target of litigation for claims ranging from employment allegations to fraud and misrepresentation.

Our clients include publicly quoted companies, private companies and non-profit organisations.

We offer brokers and clients flexibility as well as local market expertise and language capabilities. We underwrite on behalf of our Lloyd’s syndicates and our security is rated A by A.M. Best.

D&O and EPL claims are often highly complex. Our claims experts are integral members of our team, not cloistered in a claims department remote from our underwriters. We believe this makes for a more responsive and supportive service in the event of claims.

beazley.com/mgmtliab

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Management LiabilityDirectors’ & Officers’ LiabilityCoverageBeazley offers market leading products in D&O including worldwide cover for pre-claim inquiries, investigations, defence costs and claim demands. Further Beazley leads the way with its ‘A side DIC’ coverage for when company’s or other insurer’s cannot or do not indemnify. Beazley also offers a unique ‘local policy’ coverage solution from Lloyds in London to cover D&O’s in over 75 territories around the world.

Highlights• A wealth of experience in both the European and US domiciled

markets, with over 100 years of combined D&O experience in the London team

• One of the largest commercial D&O insurer’s in London• Highly qualified and experienced claims team, fully aligned

with the underwriting team • Three European languages spoken within the team


ContactFor mid-market and above: [email protected]

For SME: [email protected]

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Management LiabilityEmployment Practices Liability CoverageBeazley offers a broad form that includes coverage for claims made by third parties as well as employees. Inappropriate employment conduct includes harassment, discrimination and retaliation, as well as negligent hiring and failure to enforce adequate workplace policies and procedures.

Highlights• Worldwide coverage• Dedicated, experienced underwriters and claims managers• Coverage can be customised to meet the requirements of

larger Insureds

Target marketAll industries considered including staffing; law firms; hospitality; hi-tech; healthcare; retail, manufacturing and transportation. Target size is 5,000 – 20,000 full time equivalent employees but larger and smaller risks can be considered.


[email protected]

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Management LiabilityM&A Transaction LiabilityCoverageBeazley transaction liability insurance offers a range of solutions designed to reduce or extinguish the impact of liabilities arising from a merger or acquisition, including warranty breaches, adverse tax consequences and contingent liability claims.

Highlights• Customised coverage tailored to the details of the transaction• Ability to meet transaction timeframes• Can underwrite transactions globally• Dedicated, experienced underwriters and claims handlers

Target marketAll companies engaged in M&A activity, including acquisitive corporations, private equity funds (buying or selling), corporate spinoffs, asset sales or purchases, and refinancing transactions. Target transaction size is €25 million to €1 billion, but larger and smaller deals can also be underwritten.


[email protected]

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beazley.com

CBBC

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2/16The descriptions contained in this guide are for preliminary

information purposes only. Coverages are underwritten by Beazley syndicates at Lloyd’s and will vary depending on individual country law requirements and may be unavailable in some countries. The exact coverage afforded by the products described in this guide is subject to and governed by the terms and conditions of each policy issued. The publication and delivery of the information contained herein is not intended as a solicitation for the purchase of insurance on any European risk.

Beazley Solutions Limited is a service company that is part of the Beazley group of companies. Beazley Solutions Limited has authority to enter into contracts of insurance on behalf of the Lloyd’s underwriting members of Lloyd’s syndicate 623 and 2623 which is managed by Beazley Furlonge Limited. Beazley Solutions Limited is an appointed representative of Beazley Furlonge Limited which is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority in the UK (ref 204896) in its capacity as insurer.

An up to the minute version of this document can be found at: beazley.com/readyeurope

Some of our products and coverages detailed in this guide may also be available in the US, but only on a surplus lines basis through licensed surplus lines brokers underwritten by Beazley syndicates at Lloyd’s.

To view the US products and coverages available, please visit: beazley.com/readyUS

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