Specialist insurer Beazley has appointed John Moy to be US marine underwriter within its new US marine platform. Moy will report to Steve Vivian, head of US marine. Moy will be responsible for underwriting and building the company’s US hull, protection and indemnity, and liability business for the marine and marine construction sectors. He was previously chief underwriting officer for the Water Quality Syndicate in New York. Moy currently serves on the American Institute of Marine Underwriters’ liability and energy committees.
Beazley announced the establishment of its US marine platform in November, having been a major insurer of marine risks in the Lloyd’s market in London since 1999. The initial US focus is to be on hull, P&I and liability coverage for the marine and marine construction sectors. The products offered in the US, are available on both an admitted and non-admitted basis. Beazley Marine in the US will be writing predominantly brown water hull risks, with limits of up to $5m, and marine liability risks, on both a primary and excess basis, with limits of up to $25m. Beazley’s marine division underwrote $247.4m in premiums in 2016 through underwriters located in the UK, Norway and Singapore. Admitted risks in the US will be written for the account of Beazley Insurance Co Inc, and in the case of non-admitted risks for the account of the Beazley syndicates at Lloyd’s,