Beazley Expands Accident & Health Business in United States
Scott Machut appointed as head of business development
FARMINGTON, Conn., April 15 /PRNewswire-FirstCall/ -- Beazley has appointed Scott Machut as head of business development for the group's Accident & Health division in the U.S. Mr Machut, formerly head of life, accident & disability reinsurance at ING Re, will be responsible for developing key distributor and vendor relationships, and establishing new sources of production for both insurance and reinsurance.
"As further evidence of Beazley's commitment to the U.S. accident and health market, we are delighted to welcome Scott on board. He brings extensive experience in the North American market," said Paul Gulstrand, head of Accident & Health insurance in the U.S.
Peter Slot, head of Accident & Health reinsurance in the U.S., commented, "Scott's role will be critical to ensuring that our collective efforts in insurance and reinsurance are well-coordinated and strategically aligned. The global accident & health team is very pleased to have his expertise and know he will bring a great deal of value to this important position."
Mr Machut said: "Beazley's reputation is first class and I very much look forward to helping the firm develop the substantial accident & health opportunities available in the U.S."
Mr Machut will be based in Minneapolis, reporting jointly to Paul Gulstrand and Peter Slot. He has two decades of experience in the insurance and reinsurance industry and most recently held senior leadership positions at ING Americas. As senior vice president and head of life, accident, and disability reinsurance with ING Reinsurance, he had oversight over P&L, underwriting, sales, new product development, and strategic planning.
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 2009, underwrote gross premiums worldwide of 1,115.5 million pounds. 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
SOURCE Beazley plc
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