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TheStreet Open House

Beazley Deepens Resources Of Technology, Media & Business Services Team With New Appointment





NEW YORK, April 4, 2011 /PRNewswire/ -- Beazley Group, a leading insurer of data breach risks, announced today that Alex Ricardo, formerly at Kroll Incorporated, has joined the insurance company's Technology, Media & Business Services (TMB) professional liability group as privacy breach response manager. He will be based in New York, reporting to Mike Donovan, head of the TMB focus group.

Mr Ricardo will direct the provision of breach response services for Beazley insureds when data breaches occur, including assisting with crisis management activities.  He will also support marketing and product development for the company's flagship data breach insurance policy, Beazley Breach Response, and Beazley's other information security products.

Previously, Mr Ricardo managed a data breach services team at Kroll. He was responsible for sales management and performance and served as the group's subject matter expert for breach preparedness, breach response and identity management solutions and services.  Mr Ricardo is a frequent speaker and quoted expert on breach response and data privacy issues.

"Alex brings a unique combination of strengths and experience to our underwriting and claims team," said Mike Donovan. "His appointment increases the depth and experience of our group and exemplifies our commitment to grow Beazley Breach Response."

Note to editors:

Beazley plc (BEZ.L), is the parent company of specialist insurance businesses with operations in Europe, the US, Asia and Australia. Beazley manages five Lloyd's syndicates and, in 2010, underwrote gross premiums worldwide of $1,741.6 million. All Lloyd's syndicates are rated A by A.M. Best.

Beazley's underwriters in the United States focus on writing a range of specialist insurance products. In the admitted market, coverage is provided by Beazley Insurance Company, Inc., an A.M. Best A rated carrier licensed in all 50 states. In the surplus lines market, coverage is provided by the Beazley syndicates at Lloyd's.

Beazley is a market leader in many of its chosen lines, which include professional indemnity, property, marine, reinsurance, accident and life, and political risks and contingency business.

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