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Beazley snaps up 30% stake in Lloyd's cover holder

Posted On: Oct. 24, 2019 6:27 AM CST

Funding stake

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.

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