Beazley extends added coverage through Lloyd's syndicate to Marsh ESG Risk Rating clients

Marsh, a global insurance broker and risk advisor, has announced a collaboration with specialist insurer Beazley. This partnership aims to offer global access to additional insurance capacity for clients who opt in to Marsh's Environmental, Social, and Governance (ESG) Risk Rating (ERR).

The ERR, offered by Marsh, is the qualifying factor for Beazley's additional insurance capacity. Clients who opt in to Marsh's ERR will have the opportunity to benefit from this additional capacity, provided by Beazley's Lloyd's of London Syndicate 4321, subject to the ERR score meeting Beazley's threshold.

The partnership does not specify the exact amount of additional insurance capacity that will be provided. However, it does ensure that clients who are committed to ESG principles will have increased insurance coverage options. The availability of this additional capacity is conditional upon the ERR score meeting Beazley's threshold.

Adrian Cox, the CEO of Beazley, has stated that the partnership reflects their commitment to supporting clients who prioritise ESG considerations. Cox, who has held the position since April 1, 2021, emphasises the importance of ESG in today's business environment.

It's worth noting that the partnership does not disclose the terms or conditions of the additional insurance capacity beyond the ERR score meeting Beazley's threshold. The duration or expiration date of the additional insurance capacity is also not specified.

The partnership is not available to all clients but is aimed at those who opt in to Marsh's ERR. This move is expected to attract clients who are not only focused on risk management but also on their environmental, social, and governance impact.

This collaboration between Marsh and Beazley is set to provide a significant boost to clients who are committed to ESG principles, offering them global access to additional insurance capacity. The partnership underscores the growing importance of ESG in the insurance industry and the increasing demand for insurance solutions that align with these principles.

Beazley extends added coverage through Lloyd's syndicate to Marsh ESG Risk Rating clients