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Beazley opens office in Miami focusing on Latin American reinsurance business

LONDON, UNITED KINGDOM, July 16, 2013 (GLOBE NEWSWIRE) -- Beazley has today opened its first office in Miami and tenth in the United States. The new office will focus on the development of reinsurance business from Latin America. The move is part of Beazley's growth plans and follows the recent hire of Paul Felfle to develop business in the region.

Mr Felfle, who joined Beazley in May this year, has over 20 years experience in the Miami based reinsurance sector, most recently as managing director and head of Aon Benfield Analytics Latin America.

Patrick Hartigan, head of Beazley's reinsurance division, said: "Miami has been growing as a hub for Latin American business and clients are becoming increasingly sophisticated with their analysis and research. We recognised the need to have a local presence in the city, enabling us to respond to the needs of our clients and build long term relationships."

Note to editors

Beazley plc (BEZ.L) is the parent company of specialist insurance businesses with operations in Europe, the US, Asia and Australia. Beazley manages five Lloyd's syndicates and, in 2012, underwrote gross premiums worldwide of $1,895.9 million. All Lloyd's syndicates are rated A by A.M. Best.

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: Jasvinder Kaur - Tel: 020 7674 7579 Email: jasvinder.kaur@beazley.comSource:Beazley Group