Beazley appoints Bantick CUO, Greenwood named Beazley Furlonge Limited CEO

Specialty insurer Beazley has appointed Paul Bantick as Chief Underwriting Officer (CUO), effective immediately, and Bethany Greenwood as Chief Executive Officer (CEO) of Beazley Furlonge Limited, the company’s Lloyd’s managing agency, subject to regulatory approval.

Bantick is taking over the CUO role from Bob Quane, who is to retire. While the process of appointing Bantick’s successor is ongoing, he will continue to oversee Beazley’s Cyber Risks division.

It is expected that his replacement will be internal, Beazley noted.

Bantick will report to Adrian Cox, CEO of Beazley, who commented: “Paul is an outstanding insurance leader, he has driven the growth of our own cyber business and been a leader in the ongoing development and maturation of the marketplace.

“I want to thank Bob Quane for his contribution to Beazley, particularly for his focus on the development of our forward-looking view of climate risk, which has been key to the ongoing, profitable growth of our property business.”

Greenwood is to become CEO of Beazley Furlonge Limited as well as Chair of Beazley’s London Wholesale Management Committee, in addition to her current role as Group Head of Specialty Risks.

Cox continued: “Bethany has an enviable track record, during her five years at Beazley, of growing and diversifying our product offerings through innovation and building strong trading relationships with broker partners and I am delighted she will be bringing her expertise and dynamism full-time to London.

“It is pleasing to note that at Beazley we have an outstanding talent pipeline and strong process of succession planning, which means we are able to appoint high calibre leaders, such as Paul and Bethany, from our in-house team.”

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