The Ticker

AmTrust Specialty Programs partners with PetroSure, a multiline program for oil and gas industry, to provide workers comp insurance in those sectors. 

Launches Bermuda-based marine and energy treaty reinsurance business, headed by Alex Kirkby. He moves from Validus Re and previously worked at Willis Re. Will be supported by Emma Foxley, who joins from Lancashire Insurance Group. 

Receives Lloyd’s in-principle approval of a syndicate-in-a-box to deliver a clinical trial insurance product that will help accelerate development of therapeutic drugs. Syndicate 1966 will offer the biotech industry insurance for clinical trial funding in the event a trial fails. 

Promotes Anne Marie Elder to global chief underwriting officer for specialty in newly created global specialty branch, which covers marine, aerospace and specialty niche portfolios. 

Promotes Edward Ashby to chief commercial officer, a newly created post. He was global head of distribution. 

Names Gary Callaghan CEO of the company, succeeding Gerardo Garcia, who has moved to executive chairman. Callaghan was on the company’s board after having served in the industry for 30 years. 

Expands focus on cybersecurity services by merging in-house cyber services team with wholly owned cybersecurity company Lodestone. Newly merged units form cyber risk management company called Beazley Security, headed by Alton Kizziah, who was CEO of Lodestone. 

Selling Medicare business to Health Care Service Corp. for $3.7 billion. Says it was taking too much time and money, “disproportionate to their size within Cigna Group’s portfolio.” Expected to close in 2025. Says majority of proceeds will go to share repurchases. 

Accounts using Coalition Managed Detection and Response service are now eligible for up to 12.5% premium credit on U.S. Super Cyber policies from Coalition. Must be applied before policy is bound or before renewal.