Beazley celebrates its fifth anniversary in Spain

Specialist insurer Beazley celebrated the fifth anniversary of its Spanish office opening yesterday, at a spectacular party held in Madrid. The event was attended by brokers who currently work with the firm in Spain, and senior Beazley representatives including Adrian Cox, CEO, and Lorena Segovia and Estefania Taboada, who have spearheaded the development of the firm's operations in the region over the past five years.

This event is the first of two being held in Spain to mark the 5^th anniversary, with a second being held in Barcelona on the 9^th June, at the firm's hub office, which serves business generated in Spain and other European countries where Beazley does not currently have an office.

At the event, Adrian Cox thanked brokers and the Beazley team in Spain for their support in helping to establish Beazley in the region. Cox pointed out that the Beazley Group has grown significantly over the past five years, and that in 2021 it achieved 27% growth (to close to $5bn in written premium) and is on a similar trajectory in 2022. He also highlighted that with the firm's focus on product and operational innovation and with its significant appetite for cyber, the firm has ambitious growth plans for its operations in Europe, specifically Spain.

Lorena Segovia, head of Beazley's Spanish operation, highlighted the firm's investment and commitment to the Spanish market, which over the past five years includes building a team of 26 employees that comprises talented underwriters, claims management, administration, and operations staff.

"Our ambition for the next five years is to continue to grow in the Spanish market, gaining greater market share and improving our service to brokers, regardless of the market segment in which they work, with a coordinated, market-oriented, efficient team supported by technology. To achieve this, we will be investing in people, digital tools and continuing to develop our specialist insurance products tailored to the needs of the local market, underpinned by Beazley's culture of service and striving for better." Segovia said.

The event also included a speech by technology expert and visionary Javier Sirvent, who gave the attendees a glimpse of how technology could impact their working lives and the insurance industry in the future.

Beazley Group

For more information please contact:

Beazley España

T. 681181827

_{Note to editors}

_{Beazley plc (BEZ.L), is the parent company of specialist insurance businesses with operations in Europe, North America, Latin America and Asia. In 2021, Beazley underwrote gross premiums worldwide of $4,618.9 million.}

_{Beazley manages seven Lloyd's syndicates, 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's European insurance company, Beazley Insurance dac, is regulated by the Central Bank of Ireland and is A rated by A.M. Best and A+ by Fitch.}

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

_{For more information please go to: www.beazley.com}

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