14 December 2021

Spring Partners secures new Beazley capacity



Spring Partners secures new Beazley capacity

 Spring Partners secures new Beazley capacity

London, 14th November 2021, Spring Partners (Spring), the specialist MGA, today announces the launch of their private company commercial D&O offering, supported by new capacity from specialist insurer Beazley.

The new underwriting capacity and product launch are part of Spring’s ambitious and strategic London market growth plans and will support the future expansion of the business and its capabilities. 

Commenting on the announcement, Jeremy Miles CEO, Spring said “We are delighted to have secured our first commercial D&O binder with Beazley. We already have a very successful partnership together and this enables us to participate in an area of expertise for our underwriters and at a time when the need for quality capacity in this sector is much in demand.”

Catherina MacCabe, Focus Group Leader for International Management Liability, at Beazley commented, “D&Os today are facing an ever changing liability risk landscape, and we are pleased to support Spring as they launch their private company D&O product offering.”

 

ENDS 

 

Notes to editors

Spring Partners

Established in 2019, Spring Partners is an entrepreneurial, progressive and forward-thinking business that develops and manages capacity and MGAs on behalf of a wide range of insurers and syndicates at Lloyd’s. Spring Partners is a joint venture with leading independent Lloyd’s broker Aston Lark and acquired Neon Sapphire Underwriting Limited. 

About Beazley

Beazley plc (BEZ.L) is the parent company of specialist insurance businesses with operations in Europe, United States, Canada, Latin America and Asia. Beazley manages six Lloyd’s syndicates and, in 2020, underwrote gross premiums worldwide of $3,563.8m. 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’s European insurance company, Beazley Insurance dac, is regulated by the Central Bank of Ireland and is A rated by A.M. Best and A+ by Fitch.

Beazley is a market leader in many of its chosen lines, which include professional indemnity, cyber, property, marine, reinsurance, accident and life, and political risks and contingency business. For more information please go to: www.beazley.com