Beazley appoints Asia head of partnerships

November 1 2019 by InsuranceAsia News Staff

Lloyd’s specialist insurer Beazley has appointed Byran Lee as head of partnerships for Asia-Pacific, a newly created role. He will also continue to serve as the firm’s principal officer for Singapore.

Lee has been with Beazley since 2006 and will step into this role to facilitate partnerships with local companies and brokers. Previously, he helped establish the firm’s Singapore office on the Lloyd’s Asia platform.

Lee commented: “We are keen to collaborate with strong local cedants that share our goal of bringing high-quality products and services to policyholders. We are developing flexible solutions befitting this highly diversified market, operating on both a specialty treaty and facultative basis and developing white labelled products in partnership with clients and brokers.”

Lucien Mounier, Beazley’s head of Asia Pacific, said the firm’s strategy is develop long-term distribution partnerships and create products and services that complement client’s existing offerings. Mounier said Lee’s market knowledge and technical capabilities will “bring great focus and impetus to this strategy.”

Beazley has identified significant growth opportunities in the region for its specialist insurance products and has expanded its local underwriting and lines of business in response.

The firm’s presence in Singapore is 30 strong. Mounier joined the Singapore office late last year while Harry Goh and Jessica Schappell were recruited in early 2019 to boost their financial lines underwriting and regional claims capabilities.

Earlier this month Beazley took a 30% stake in Hong Kong-based Lloyd’s coverholder Pegasus Underwriting for an undisclosed sum.