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TheStreet Open House

Beazley Expands Healthcare Team With Appointment Of Daniel Springman

Stocks in this article: BEZ





CHICAGO, April 14, 2011 /PRNewswire/ -- Beazley Group (BEZ.L) today announced the addition of Daniel Springman to its miscellaneous medical healthcare team, expanding the insurance company's capabilities in the area of medical professional liability insurance.

The addition of Mr. Springman, who joins Beazley from Markel Corporation, will broaden Beazley's healthcare professional liability underwriting capabilities in the United States. With underwriters in London and Chicago, Beazley's substantial and growing healthcare practice currently serves four of the top 10 "honor roll" hospitals listed by US News & World Report, as well as numerous long term care facilities, clinical research organizations, tissue and blood banks, clinical laboratories, medical staffing agencies and other healthcare-related organizations.

Previously, Mr. Springman worked for four years with Markel Corporation as an underwriting manager specializing in products and professional liability. Mr. Springman is a midwest native and a graduate of the University of Missouri.

Mr. Springman will work alongside Evan Smith, who heads Beazley's miscellaneous medical underwriting team in Chicago. He will underwrite miscellaneous medical risks, (sometimes categorized as 'allied healthcare' risks) long term care, as well as the medical products liability business that fits within Beazley's underwriting appetite.

Evan Smith said: "We see continued opportunities in the miscellaneous medical market and Daniel is very well equipped to help us serve clients in this space. His capabilities will be invaluable as we continue to build our miscellaneous healthcare book."

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 of $1,741.6 million. All Lloyd's Syndicates are rated A (Excellent) by A.M. Best and also benefit from the Lloyd's chain of security.

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.

We are market leaders in many of our chosen lines, which include professional indemnity, property, marine, reinsurance, accident and life, and political risks and contingency business.

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