Beazley snaps up 30% stake in Lloyd's cover holder
Posted On: Oct. 24, 2019 6:27 AM CST
U.K.-based insurer Beazley PLC has bought a 30% stake in Lloyd's of London cover holder Hong Kong-based Pegasus Underwriting Ltd., Asia Insurance Review reports. The deal will expand Beazley's footprint in the Asia Pacific region by increasing its local underwriting presence.