Beazley mulls growth with new US executive risk leadership team

Specialist re/insurer Beazley has created a new executive risk leadership structure in the US in response to a 'very dynamic market'. The team will be led by Jeremie Saada.

The company said the new structure aims to support greater knowledge sharing and collaboration within the global executive risk teams and enhances future growth by continuing to develop innovative insurance solutions that tackle the board-level risks faced by companies today.

The new team, led by Saada as head of US executive risk, will include Jason Lowney, Jordan Benshoof, Jon Palmquist, Christina Herald and Dan DeAlmeida.

Lowney will continue to manage the Northeast team, in addition to taking responsibility for managing the Central region, which recently expanded with the appointment of new underwriting talent in Chicago to support Beazley’s goal of accelerating growth in the Midwest.

Benshoof will lead the West region for the executive risk team. After spending more than a decade as a broker, he joined Beazley in 2017 and was the first executive risk underwriter in the region.

Palmquist has been promoted to run the South Central team and will relocate to Dallas from New York in the fourth quarter. He has been with Beazley for almost 10 years and has gained experience across a number of underwriting roles across the US.

Herald will continue to manage the Southeast region out of Atlanta. In addition, she has underwriting responsibility across the US for Safeguard, Beazley’s sexual misconduct liability insurance solution, which combines advanced risk management and crisis response services with effective insurance coverage.

Lastly, DeAlmeida will continue to lead Beazley’s efforts nationally for the employment practices liability (EPL) and private company directors and officers (D&O) products.

Saada said: “As our team continues to grow and navigate through a very dynamic market and across various lines of business, it is important to evolve accordingly and ensure we continue to respond and flex to the changing needs of customers and brokers.

As such, our US Executive Risk team is prepared for more growth in our products and services and to develop propositions that meet the challenging and emerging risks faced by executives and businesses. I am very excited to be working with Jordan, Jon, Dan, Christina and Jason who bring strong experience and market knowledge, as we set out to build our offering and deliver our strategy.”