Freight forwarders, port operators, ship managers, naval architects and marine surveyors will be among those that will benefit from a major expansion of Beazley’s marine underwriting capabilities to offer professional liability and logistics coverage. A new team, headed by Zareena Hussain, will lead the company’s drive into this section of the market.
Beazley is a leading insurer of marine hull, cargo and war risks in the London market, participating in the insurance of approximately 13.5% of the world’s ocean-going tonnage. Ms Hussain joins Beazley from a Lloyd’s managing agency underwriting on behalf of Mitsui Sumitomo Insurance. She will be accompanied on the new team by Vincent Egon, underwriter, and Sharon Duffy, assistant underwriter, also from the same managing agency.
Clive Washbourn, head of Beazley’s Marine division, said: “The arrival of the new team will enable us to offer a much broader and deeper service in the liability market. Zareena and her colleagues have extensive experience in professional liability cover for ship managers, ship agents and marine surveyors, as well as cover for the operators of ports and logistics companies.
“We already offer a range of liability covers but the new team will allow us to extend our range of services to target markets, such as marine surveyors and ship managers, that are not traditional buyers from the Lloyd’s market. We believe the security and service that the Lloyd’s market can offer will prove highly attractive to these buyers. Our existing clients will also benefit from their wealth of experience.
Zareena Hussain said: “Beazley is one of the most respected marine underwriting businesses in the market, offering an excellent platform for us to develop our book of business further. I am confident our skills and experience will prove complementary to those of the existing marine team.”
