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Beazley names Roscoe to lead smart tracker syndicate 5623

Lloyd’s specialist insurance and reinsurance player Beazley has named employee Will Roscoe as the new leader for its third-party capital backed ‘smart tracker’ special purpose arrangement (SPA) syndicate 5623.Beazley launched its SPA Syndicate 5623 at the beginning of 2018, with the vehicle taking a 75% quota share of broker facilities read the full article →

Beazley sees tech + capital efficiency in smart tracker, but brokers hold it back

Beazley continues to try and drive down the cost of re/insurance capital using its so-called 'smart tracker' special purpose arrangement (SPA) syndicate 5623, with digitalisation a goal to add further efficiency in the future.But at the same time the specialist insurance and reinsurance firm today questioned brokers willingness to recognise read the full article →

Beazley underwriting result dented, but pricing drives higher growth target

Specialist Lloyd’s focused insurance and reinsurance player Beazley has reported its results for the first-half of the year, revealing dented underwriting profits due to continued impacts from catastrophes and loss creep, but much improved pricing that should flow through over the course of the year ahead.As first to report, of read the full article →

Fuchsia Capital PCC registered for UK ILS, understood to be for Beazley

A third protected cell company has been registered and authorised under the UK's Risk Transformation Regulations 2017, Artemis has learned. Fuchsia Capital PCC Ltd. is lined up for use as a UK insurance-linked securities (ILS) vehicle, with the sponsor said to be re/insurer Beazley.Specialist Lloyd’s focused insurance and reinsurance player read the full article →

Beazley’s third-party capital backed Smart Tracker to hit $133m for 2019

Specialist Lloyd’s focused insurance and reinsurance player Beazley is set to expand the size of its innovative Smart Tracker product to a stamp capacity of US $133 million for 2019, signaling demand for the product which sits as part of special purpose arrangement (SPA) syndicate 5623.The Beazley Smart Tracker product read the full article →

Beazley’s SPA 5623 to give investors diverse risks, including liability

Lloyd’s specialist insurance and reinsurance player Beazley's special purpose arrangement (SPA) syndicate 5623 is set to offer its third-party investor backers access to a broad and diverse range of risks, with the facilities access likely to mean risks in the portfolio that typical ILS funds or strategies do not underwrite.Beazley read the full article →

Pricing in line with expectation, despite market “awash with capital” – Beazley CEO

Beazley said this morning that it saw the rate increases achieved so far this year as in line with expectations, despite the market being "awash with capital" and while also noting that "non-traditional capital providers... maintained their commitment to the market."The specialist Lloyd’s fof London focused insurance and reinsurance firm read the full article →

Aon’s portfolio broking & facilities business open to ILS markets

Aon's newly formed Global Portfolio Broking team, part of the Aon Reinsurance Solutions business, will look to the capital markets and ILS funds as sources of capacity where appropriate for backing facilities business and portfolios of risks.Andrew Matson has been named as the leader of Aon’s newly formed Global Portfolio read the full article →

Beazley explores UK ILS, aims for third-party backed facilities SPA growth

Specialist Lloyd's focused insurance and reinsurance player Beazley is actively exploring the use of more insurance-linked securities (ILS) capital within its business, as well as the UK ILS regulations, as it examines the potential for an ILS structure to sit alongside its reinsurance arrangements.The Beazley team is revisiting the potential read the full article →

Beazley to channel facilities business via SPA 5623 to third-party capital

Lloyd's specialist insurance and reinsurance player Beazley is planning to launch a new special purpose arrangement (SPA) syndicate 5623, which will take a quota share of the firm's business underwritten from broker facilities and be backed by a range of third-party investors, including some capital from the ILS market.Matching risks read the full article →