NEW YORK, June 16, 2016 (GLOBE NEWSWIRE) -- Beazley, a pioneer in data breach response insurance and the largest insurer of cyber liability risks in the Lloyd's market, was recognized with three awards at Advisen Ltd.'s third annual "Cyber Risk Awards" ceremony held last night at the Grand Hyatt in New York.
- Beazley received the "2016 Cyber Risk Insurer Team of the Year."
- Paul Bantick, Beazley's London-based team leader for Technology, Media and Business services, was recognized as the "2016 Cyber Risk Industry Person of the Year" for Europe.
- Beazley, which offers the industry's only in-house data breach response team, Beazley Breach Response (BBR) Services, received the "Cyber Risk Event Response Team of the Year" award for the third year running.
Paul Bantick said: "We are delighted that the service we provide has been so well recognized by our insurance industry peers. BBR Services has now helped clients handle almost 4,000 data breaches, coordinating the forensics, legal, customer notification and other services that are required to meet legal obligations and maintain customer confidence in the wake of a data breach."
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Note to editors:
Beazley plc (BEZ) is the parent company of specialist insurance businesses with operations in Europe, the US, Latin America, Asia, the Middle East and Australia. Beazley manages six Lloyd's syndicates and, in 2015, underwrote gross premiums worldwide of $2,080.9 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.
For more information please go to: www.beazley.com
CONTACT: Beazley Group Hunter Hoffmann Hunter.Hoffmann@beazley.com 917-344-3329