David Roberts, Chairman of Beazley stated, “On behalf of the whole Board, I would like to thank Andrew for his leadership and impressive contribution to Beazley, in specific as CEO, a position he has held since 2008. Adrian has an exceptional track record within Beazley, spending time in both the US and the UK, and the Board is confident that under his leadership, Beazley will continue to go from strength to strength. Adrian Cox, incoming Beazley CEO, commented, “I am happy to be selected CEO of Beazley. I am pleased to be leaving the Group in such capable hands and I want Adrian and the whole Beazley team all the best for the future.”
Beazley, the Lloyds market focused expert insurance coverage and reinsurance underwriter, is losing its CEO, as Andrew Horton has actually taken a position as Group CEO of QBE Insurance in Australia.Horton has been with Beazley given that June 2003, becoming Chief Executive Officer of Beazley plc and President of Beazley Insurance Company Inc. in September 2008.
He is set to leave Beazley at the end of March 2021 and will handle his brand-new position of Group CEO of QBE Insurance Group Limited in Australia around September.
The move brings modifications at Beazley, with Chief Underwriting Officer (CUO) Adrian Cox being promoted to CEO to replace Horton from April 1st.
Cox has been at Beazley for 20 years and has more than 25 years of insurance and reinsurance market experience. He has also belonged to the Beazley Board because 2010, while his CUO position.
This change of CUO to CEO suggests that there are more changes to support the underwriting function at Beazley through this modification at the top.
Bethany Greenwood is being promoted to interim CUO of long tail underwriting (Cyber and Executive Risk and Specialty Lines) and Tim Turner will become interim CUO of brief tail underwriting (Marine, Market Facilities, Political, Accident and Contingency, Property and Treaty).
The new interim CUO responsibilities are in addition to Greenwood and Turners existing functions, and Beazley will now search for a new Group CUO.
David Roberts, Chairman of Beazley stated, “On behalf of the whole Board, I wish to thank Andrew for his leadership and outstanding contribution to Beazley, in particular as CEO, a position he has held because 2008. He has managed the expansion of Beazley over this duration, and leaves it in a strong position operationally and economically. We want Andrew well in his brand-new function.
Adrian has an outstanding track record within Beazley, spending time in both the US and the UK, and the Board is confident that under his management, Beazley will continue to go from strength to strength. Adrians consultation offers continuity in Beazleys management group and strategic instructions.
Adrian Cox, inbound Beazley CEO, commented, “I am thrilled to be designated CEO of Beazley. Our Group has a effective and long performance history, constructed on the experience and know-how of our people, our development and a prudent technique to handling our balance sheet. I am thrilled about the opportunities ahead and the possibility to construct on our effective and proven service model in the years to come.”
Andrew Horton mentioned, “I have every confidence in Adrian as my follower and think he is the very best individual to lead the Company moving forward. Adrian is incredibly well put to undertake the role, having held a range of positions throughout his period at the Company, offering him with the required depth and breadth of knowledge. I am delighted to be leaving the Group in such capable hands and I want Adrian and the whole Beazley group all the very best for the future.”