Posted on 11 Apr 2011
Beazley, a leading underwriter of political risks in the Lloyd’s market, has appointed Chris Parker to lead its terrorism and political violence team. Formerly managing director of Bowring Marsh Terrorism, Mr. Parker will join the group today, April 11.
Commenting on the appointment, Adrian Lewers, Head of Political Risk and Contingency, said: “This is a critical line of business at a time when many global organisations are coming under increasing threat as a result of rising instability and political violence – particularly in North Africa and the Middle East. Beazley has a strong track record in developing creative solutions for terrorist and politically motivated attacks on insured assets. Chris has exceptional experience in this arena and will help us identify new ways to help clients address these exposures.”
Mr. Parker has worked with many major European financial institutions, Fortune 500 companies and overseas multinational firms in the development of political risk, terrorism and political violence solutions for foreign investments, power projects, construction projects and overseas import/export contracts. He has also worked extensively with the banks supporting these activities.
Mr. Parker said: “This is a very interesting time to be joining Beazley. Pick up almost any newspaper on almost any day and the risks to businesses posed by political violence and terrorism are made plain. I look forward to helping the Beazley terrorism team to meet the needs of clients and brokers for robust protection against these risks.”
Strengthening the terrorism team further, Andrew Page will join on 1st June. Formerly with Chaucer, Mr. Page is a specialist in war and terrorism risks and will help enhance Beazley’s underwriting service to brokers.