Beazley Expands Accident & Health Business in United States

Paul Gulstrand Appointed as Head of Accident & Health Insurance USA

Jan 22, 2010, 09:30 ET from Beazley plc

FARMINGTON, Conn., Jan. 22 /PRNewswire-FirstCall/ -- Beazley has appointed Paul Gulstrand as head of accident & health insurance in the US.  Gulstrand, formerly CEO of UnitedHealth Group's OptumHealth Specialty Benefits Division, will spearhead the expansion of Beazley's accident & health business into the US insurance market.

"Beazley is making a significant commitment to the US accident & health market, as well as continuing to expand its existing reinsurance business," said Chris Branch, head of Beazley's Accident & Life division in London.

"We will be developing close working relationships with multiple distribution channels to build our presence in the US. We are delighted to welcome Paul on board and are confident his extensive experience will prove invaluable in this process. He will work alongside Peter Slot, head of accident & health reinsurance in the US."

Paul Gulstrand commented, "Beazley's reputation in this specialty line is first class. I very much look forward to working with them to exploit the opportunities available in the US and extend their expertise and experience into this market."

Gulstrand will be based in Minneapolis, reporting to Chris Branch. He has nearly three decades of experience and most recently held several leadership roles at UnitedHealth Group.  Prior to this, he served as President of ING/ReliaStar's Group and Voluntary Employee Benefits divisions where he had oversight over P&L, operations, IT, strategic planning and sales.

Note to editors:

Beazley plc (BEZ.L), is the parent company of global, specialist insurance businesses with operations in the UK, US, France, Germany, Ireland, Singapore, Hong Kong and Australia.  Beazley manages four Lloyd's syndicates: Syndicate 2623 and Syndicate 623 underwrite a broad range of insurance and reinsurance business worldwide; Syndicate 3623 focuses on accident and health business; and 3622 is a dedicated life syndicate. In 2008, Beazley underwrote gross premiums of 875.7 million pounds Sterling. 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.

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SOURCE Beazley plc