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Lloyd’s insurer Beazley loses cancer battle

first_imgThursday 14 October 2010 9:31 pm Tags: NULL KCS-content Show Comments ▼ LLOYD’S of London insurer Beazley yesterday announced that its co-founder and deputy chairman Andrew Beazley had died aged 57, three years after first being diagnosed with cancer.Beazley was chief executive of the business for 22 years of its 24-year history. The group launched in 1986 and is now one of the largest names in the Lloyd’s market with 720 employees. It floated on the London Stock Exchange in 2002 and is now worth £597m.Andrew Beazley served as a member of the Lloyd’s Market Board from 1994 and 1997, a period when the market was hit by some of the heaviest losses in its history. He was later made a member of the chairman’s strategy group at Lloyd’s, which set in train further reforms including the creation of the Franchise Board in 2003.Beazley Group paid out heavy claims in the wake of the 9/11 terrorist attacks in 2001 and hurricanes Katrina, Rita and Wilma in 2005. In 2004 the company began to underwrite business locally in the US.Nick Furlonge, Beazley’s director of risk management, who co-founded the company with Andrew in 1986, said: “Beazley Group has grown and prospered beyond our wildest dreams, but it has remained a close knit company. Andrew was a close friend and colleague to many of us and his inimitable humour, charisma and style will be remembered by all of us. Our deepest sympathies go out to his wife, Anne, and family.”Andrew Horton, Beazley Group chief executive, said: “The management team and many others at Beazley have known and worked closely with Andrew for years, if not decades. He had a huge zest for life that inspired all of us. We will miss him deeply.”Beazley is survived by his wife and three children. Sharecenter_img whatsapp Lloyd’s insurer Beazley loses cancer battle Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryNoteabley25 Funny Notes Written By StrangersNoteableyTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan Timeslast_img

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