DALLAS, Aug. 2, 2016 (GLOBE NEWSWIRE) -- Beazley, a leading provider of specialist fidelity and crime insurance, has appointed Stan Gover as a fidelity and crime underwriter in their Dallas office. This appointment adds to Beazley's growing crime and fidelity team in the US.
Beazley's crime insurance policies, and fidelity bonds for financial institutions, protect companies with annual revenues over $50 million in the retail, healthcare, technology and manufacturing industries from the loss of money and securities due to employee theft. Additional coverage includes third party related losses for forgery or alteration, computer fraud, credit card coverage and expense coverage. Beazley's commercial crime policies also have fraudulent instruction coverage available to address losses from the transfer of funds prompted by a criminal purporting to be a vendor, client or authorized employee. The new endorsement, with has a limit of up to $250,000, is available to current Beazley crime clients. Mr Gover joins Beazley from Great American Insurance where he was a Regional Underwriting Manager in their Ft. Worth, TX office.
"This addition of Stan, and his high level of industry experience, is a major improvement in our ability to work with clients in the South, with a particular focus on larger financial institutions and Fortune 500 companies," said Bill Jennings, Beazley's crime and fidelity underwriting manager. "It's important that organizations are protected against the evolving threat of both employee crime and the increasing prevalence of spear-phishing emails that result in illegal funds transfers due to fraudulent instructions."
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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