Specialist re/insurer Beazley has announced that it has restructured its Large Commercial Property along with its Canadian and E&S Property teams to create a single North American Commercial Property Team.
The new property team will be supported by four regional hubs to make access simpler for brokers and to create a single risk appetite approach and philosophy.
Four new regional leaders have been appointed, with three internal appointments.
Robert Sadlier joins the firm as Central Regional Leader, based in Chicago. Sadlier joins Beazley from Ironshore, where he was an E&S Property Underwriting Officer.
At the same time, Ashley Irwin becomes Northeast Regional Leader, based in New York, Reid Jaffe, Southeast Regional Leader, based in Atlanta and Tim Carlin Western Regional Leader, based in San Francisco.
Each regional hub is supported by a locally based underwriting team.
Furthermore, Mike Cooper has been appointed to the new role of Property Product Leader to drive a consistent underwriting approach to products and business strategy in North America.
Beazley has also noted that all teams will report to Matt Westhoff – Head of North American Commercial Property.
Richard Montminy, Group Head of Property Risks at Beazley, commented: “These changes are the final piece in our property strategy to create a single commercial property team in North America. Most importantly, it simplifies our distribution and helps us to support our brokers where they are located, offering easier access, and consistent service, irrespective of the channel, based on a unified risk appetite and underwriting approach.
“Robert’s appointment adds additional bench strength to our already outstanding Property team, and we look forward to continuing to support our brokers and clients as property cat exposures continue to grow and the market becomes more volatile.”