Beazley To Stop Writing UK Regional Marine Insurance

Law360, London (January 10, 2020, 1:54 PM GMT) -- London specialist insurer Beazley has stopped writing U.K. regional marine insurance, blaming low margins across the market.

The company said that insurance for regional cargo, freight liability and commercial hull, which offers cover for physical damage to a shipping vessel, would be placed in run-off. No new business will be taken on, and existing customers will not be able to renew their policies.  

A spokesperson for the insurer declined to reveal the exact premium at stake. Beazley also said it was placing 15 roles at risk of redundancy as a result of the move.

British regional marine business represents 5% of...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Related Sections

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Beta
Ask a question!