Dan Jones to head Broker Rela

RNS Number : 9316M

Beazley PLC

02 June 2010

 



Dan Jones to head Broker Relations at Beazley

Dublin, 02 June 2010

Dan Jones is to take charge of Beazley's strategic broker relations program, the company announced today.  In his new role, Mr Jones - who is standing down as a non executive director on the Beazley plc board and joining the company's executive committee - will focus on deepening relationships with key business producers around the world.

All of Beazley's business derives from brokers - principally from Lloyd's brokers, reflecting Beazley's position as the third largest underwriter in the Lloyd's market.  But since establishing a presence as an admitted local insurer in the United States in 2005, Beazley has also developed new relationships with US retail brokers that do not place business directly at Lloyd's.  The developed insurance markets of continental Europe offer additional growth opportunities. 

Mr Jones, 58, has been a non executive director of Beazley since 2006.  He brings extensive knowledge of the insurance broking sector on both sides of the Atlantic.  Between 1997 and 2005, he served as a senior executive at Marsh, Inc. with responsibilities that included vice chairman, responsible for non-US operations, strategic planning, M&A, and global middle market business.  After retiring from Marsh, he re-entered the broking business in 2006 as president of Moreton & Company, a Salt Lake City-based regional financial services concern focusing on the western United States.

Beazley chief executive Andrew Horton said: 

"Strong, well managed broker relationships are critical to the growth and profitability of our business.  As our broker relationships have grown more numerous and more complex, the task of managing them effectively has also grown.

"For four years, Dan Jones has given us valuable insights as a non executive director into the changing needs and expectations of the brokers upon whom we rely for business.  I am delighted that he has agreed to take a hands-on role in shaping and executing our broker distribution strategy going forward."   

Mr Jones added:

"I am very excited to be joining the Beazley executive team in this capacity.  Beazley is a specialist insurer, focusing only on lines of business that we understand well and where we can add substantial value to clients.  We are not a generalist, underwriting all lines of business.  The task of finding the best "fit" between Beazley and a broker therefore takes time and effort.  I look forward to working closely with Beazley's underwriters to expand the many successful broker relationships that already exist and to create new ones."  

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For further information, please contact:

Beazley Group                           Finsbury                       
William Pitt                                Don Hunter                               
Tel: [phone]                  Tel: [phone]                 

Note to editors:

Beazley plc (BEZ.L), is the parent company of specialist insurance businesses with operations in Europe, the US, Asia and Australia.  Beazley manages five Lloyd's syndicates and, in 2009, underwrote gross premiums worldwide of £1,115.5 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

 

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