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Beazley to underwrite admitted property coverage


LONDON—Beazley Group P.L.C. will begin underwriting commercial property business in the United States on an admitted basis on Feb. 19, the London-based specialty underwriter announced Monday.

The new admitted property policy provides up to $100 million of coverage per insured location. Beazley has been writing U.S. commercial property business on a nonadmitted basis since 1992.

Beazley's Farmington, Conn.-based Beazley Insurance Co. Inc. already offers specialty lines liability coverages and a marine cargo product on an admitted basis.