Beazley Bermuda “a strategic investment irrespective of the phase of the cycle”: Peel Hunt
Beazley’s move to establish a new Bermuda operation is seen as “a strategic investment irrespective of the phase of the cycle” by analysts at Peel Hunt. They also highlight how this can increase access to third-party capital, in particular with the returns of the firm’s cyber underwriting expertise now set to become accessible to ILS investors.
Yesterday Beazley, the London headquartered specialty insurance and reinsurance company, announced a significant commitment to the Bermuda marketplace with plans to invest $500 million of capital to establish a new platform on the island to drive growth and expansion into the alternative risk transfer market, including ILS opportunities.
Beazley’s Chief Executive Officer Adrian Cox…
