About the product/service
Beazley’s ESG syndicate will provide dedicated additional capacity, across a number of classes of business, for Beazley policyholders who perform well from an ESG perspective. Each policyholder would need to meet a minimum ESG score provided by third-party rating agencies.
Subject to approval by Lloyd’s, the syndicate expects to underwrite from 1st January 2022.
Supporting greener outcomes
Acting as a responsible business is crucial to delivering a more sustainable future. By providing additional capacity to good ESG business, it rewards good performers, whilst incentivising others to improve, so that they are able to access cheaper follow capacity.
Enabling customers today
Beazley believes that an ESG syndicate will resonate in a number of ways:
- For policyholders: who want to include ESG into their insurance purchasing strategy
- For third-party capital: who want to invest in ESG compatible business. All premiums will be invested responsibly in line with Beazley’s own responsible business strategy
- For brokers: who have another way to raise awareness of ESG issues with their clients.
