BEZ Baldor Electric CO.

Beazley, a leading specialist insurer of excess and surplus lines property risks, today announced the appointment of Ron Beauregard to head the company's E &S property team.

Mr Beauregard joins Beazley from XL where he led the company's surplus lines property division. He was instrumental in creating XL Group's surplus lines property platform, a strategy that saw the book grow to $75m in gross written premium from 2011. 

In a career spanning two decades in property insurance, Mr Beauregard has held senior roles at prominent underwriting and broking businesses, including Aon, FM Global and Lexington. 

Mark Bernacki, head of Beazley's property division, said:  "We see attractive growth opportunities for our E &S property team and I am delighted that Ron will be joining us to spearhead our growth in this critically important market.  His deep experience both of brokers' needs and of underwriting opportunities and constraints will be immensely valuable to us."

Mr Beauregard said:  "I am very excited to be joining Beazley's second biggest division at a time of both opportunity and challenge for property insurers.  Experience counts in this business and the team at Beazley has a wealth of experience in addressing the needs of brokers for robust coverage and swift, responsive service."

Mr Beauregard will join Beazley from April 1. He will be based in the company's Boston office. 

CONTACT: Beazley Group 
         Sean Carroll
         312 476 6221