Beazley, a specialist insurer, has expanded its offerings in Latin America with a suite of commercial reinsurance solutions to protect against complex and evolving risks.
The healthcare liability offering is available in Chile and Colombia with products designed specifically for these markets by a team of underwriters.
This includes Beazley Virtual Care, a policy that provides comprehensive protection against risks associated with the provision of technology-enabled healthcare and wellness services.
Beazley’s medical malpractice cover is also now available in Colombia and Chile to a variety of companies in the healthcare sector, offering protection against claims arising from actions taken by medical professionals.
In addition, in Chile, Beazley has also launched a comprehensive set of cyber and financial lines reinsurance products to protect against the risks facing businesses and their senior executives.
Beazley has created an information security and privacy (InfoSec) product that offers first and third party protection and e-crime cover and costs for managing data breaches and cyberattacks.
Elsewhere, it has directors’ & officers’ (D&O) liability coverage available in Chile as well as professional liability and crime coverage for financial institutions. The policies are designed to protect companies and its senior executives operating in an increasingly litigious environment.
These products were successfully launched in Colombia in July 2020.
Najib Bousakr, regional manager for Latin America at Beazley, commented: “In 2020, businesses have been adapting quickly to manage the uncertainty created by a global pandemic and recession.”
“We are pleased to introduce this suite of policies to help companies in Chile and Colombia navigate this new risk landscape and position them for future growth. We look forward to working with brokers, clients and ceding companies to provide flexible underwriting solutions, backed by global claims expertise,” Bousakr noted.
Bousakr added: “Our financial lines products offer reassurance to businesses and its directors that they are protected against evolving financial risks in a challenging operating environment.”