Beazley has appointed Tim Allen to head its transaction liability business from March 2016.
Allen previously served as a transaction liability underwriter at Beazley and returns at a time when the market is experiencing increased demand for mergers and acquisitions-related insurance.
Neal Wilkinson, Beazley’s management liability focus group leader, said: "I am delighted that Allen will be returning to Beazley. He has many years’ experience in transaction liability and is greatly respected in the market.”
“Transaction liability insurance is an important growth market for Beazley. We have been writing this class of business since 2010 and will continue to invest in growing the team.”