Commercial Property
We underwrite commercial property risks of all sizes:
Large risks are typically policies with a minimum total insured
value of $50m. Our large commercial property portfolio is
predominantly written on a worldwide basis at Lloyd’s. We write
primary, excess of loss and quota share contracts.
We underwrite small commercial property risks on a surplus lines
basis at Lloyd’s and and through our underwriting offices in
Atlanta, Boston, Chicago, Los Angeles, New York and San Francisco.
Small risks typically are those risks with total insured values
ranging from $0m – $50m.
The acquisition of First State Management Group, Inc.
substantially enhances our capabilities in the surplus lines
commercial property market.
We write traditionally placed commercial property risks locally
in the US through our admitted carrier, Beazley Insurance Company,
Inc. US admitted commercial property risks typically have a total
insured value of $25m to $1b.
Small business is also underwritten through binding authorities
granted to experienced agents through selected brokers. We use
binding authorities to access not only small commercial risks but
also jewellers’ block, art dealers, Swiss property, auto physical
damage and transportation risks.