{"id":453959,"date":"2021-03-09T11:03:14","date_gmt":"2021-03-09T16:03:14","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=453959"},"modified":"2021-03-09T11:03:14","modified_gmt":"2021-03-09T16:03:14","slug":"beazley-launches-do-product-suite-for-us-domiciled-spacs","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/beazley-launches-do-product-suite-for-us-domiciled-spacs\/","title":{"rendered":"Beazley launches D&O product suite for US-domiciled SPACs"},"content":{"rendered":"

\nD&O and SPAC underwriting veteran Jim Rizzo to lead SPAC initiative
\n<\/h2>\n
\n

New York, March 09, 2021 (GLOBE NEWSWIRE) — Specialist insurer Beazley has launched a directors\u2019 and officers\u2019 (D&O) product suite designed specifically for US-domiciled Special Purpose Acquisition Companies (SPACs).\u00a0\u00a0<\/p>\n

Beazley\u2019s new D&O products for SPACs offer dedicated coverage for either the individuals, or the entity and individuals combined, to provide greater transparency and clarity about insurance coverage, from the initial public offering (IPO) to the initial business combination. The specialized needs of SPACs have historically been met through endorsements to existing D&O coverages.<\/p>\n

\n Jim Rizzo<\/b>, Beazley Executive Risk underwriter and a SPAC expert who has underwritten these risks for two decades, is leading the initiative supported by a seasoned team of underwriters based in the US and London.<\/p>\n

Jim Rizzo said: \u201cThese streamlined products are specifically designed for SPACs and their officers and directors at a time when heightened regulatory scrutiny, media attention and an increasingly active plaintiffs\u2019 bar make it critical that they have appropriate coverage and fully understand what that coverage is.\u201d<\/p>\n

In 2020 there were 248 SPAC IPO transactions, the most in the history, according to SPACInsider.i<\/sup> Year to date, there have already been 202.<\/p>\n

\n Jeremie Saada<\/b>, Head of US Executive Risk, added: \u201cBeazley is stepping in to address a dramatic need for capacity in the D&O insurance market for SPACs. This specialized product suite for SPACs adds to Beazley\u2019s balanced portfolio of offerings and positions us to be a valuable business partner to this growing market segment.\u201d<\/p>\n

\n Wayne Imrie<\/b>, Head of London Market D&O, concluded: \u201cOur focus as always remains squarely on meeting the needs of our clients in progressive and innovative ways. Our experience in this field coupled with our dual platform capabilities has positioned us favourably to streamline and enhance the way coverage has been traditionally offered, ensuring greater peace of mind and a superior experience for those who choose to do business with us.\u201d\u00a0<\/p>\n

\n

\n Note to editors:<\/b>\n <\/p>\n

Beazley plc (BEZ.L) is the parent company of specialist insurance businesses with operations in Europe, United States, Canada, Latin America and Asia. Beazley manages six Lloyd\u2019s syndicates and, in 2020, underwrote gross premiums worldwide of $3,563.8m. All Lloyd\u2019s syndicates are rated A by A.M. Best.\u00a0<\/p>\n

Beazley\u2019s underwriters in the United States focus on writing a range of specialist insurance products. In the admitted market, coverage is provided by Beazley Insurance Company, Inc., an A.M. Best A rated carrier licensed in all 50 states. In the surplus lines market, coverage is provided by the Beazley syndicates at Lloyd\u2019s.<\/p>\n

Beazley\u2019s European insurance company, Beazley Insurance dac, is regulated by the Central Bank of Ireland and is A rated by A.M. Best and A+ by Fitch.<\/p>\n

Beazley is a market leader in many of its chosen lines, which\u00a0include professional indemnity, cyber, property, marine, reinsurance, accident and life, and political risks and contingency business.<\/p>\n

For more information please go to: www.beazley.com<\/a><\/p>\n

\u00a0 <\/p>\n

\n

i https:\/\/spacinsider.com\/stats\/<\/a><\/p>\n

\u00a0<\/p>\n


\n
\n \n <\/div>\n

\n
Mairi MacDonald\r\nBeazley Group\r\n+44 (0)20 7674 7164\r\nMairi.Macdonald@beazley.com\r\n\r\nDeborah Kostroun\r\nKetchumZito Financial\r\n201\u2013403\u20138185\r\ndeborah.kostroun@ketchumzito.com\r\n<\/pre>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"
D&O and SPAC underwriting veteran Jim Rizzo to lead SPAC initiative New York, March 09, 2021 (GLOBE NEWSWIRE) — Specialist insurer Beazley has launched a directors\u2019 and officers\u2019 (D&O) product suite designed specifically for US-domiciled Special Purpose Acquisition Companies (SPACs).\u00a0\u00a0 Beazley\u2019s new D&O products for SPACs offer dedicated coverage for either the individuals, or the entity and individuals combined, to provide greater transparency and clarity about insurance coverage, from the initial public offering (IPO) to the initial business combination. The specialized needs of SPACs have historically been met through endorsements to existing D&O coverages. Jim Rizzo, Beazley Executive Risk underwriter and a SPAC expert who has underwritten these risks for two decades, is leading the initiative supported by a seasoned … <\/p>\n
Continue reading “Beazley launches D&O product suite for US-domiciled SPACs”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-453959","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nBeazley launches D&O product suite for US-domiciled SPACs - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/beazley-launches-do-product-suite-for-us-domiciled-spacs\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Beazley launches D&O product suite for US-domiciled SPACs - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"D&O and SPAC underwriting veteran Jim Rizzo to lead SPAC initiative New York, March 09, 2021 (GLOBE NEWSWIRE) — Specialist insurer Beazley has launched a directors\u2019 and officers\u2019 (D&O) product suite designed specifically for US-domiciled Special Purpose Acquisition Companies (SPACs).\u00a0\u00a0 Beazley\u2019s new D&O products for SPACs offer dedicated coverage for either the individuals, or the entity and individuals combined, to provide greater transparency and clarity about insurance coverage, from the initial public offering (IPO) to the initial business combination. The specialized needs of SPACs have historically been met through endorsements to existing D&O coverages. Jim Rizzo, Beazley Executive Risk underwriter and a SPAC expert who has underwritten these risks for two decades, is leading the initiative supported by a seasoned … Continue reading "Beazley launches D&O product suite for US-domiciled SPACs"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/beazley-launches-do-product-suite-for-us-domiciled-spacs\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-03-09T16:03:14+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODE4NzAyNCM0MDU1NjI3IzIwMTM4MjQ=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/beazley-launches-do-product-suite-for-us-domiciled-spacs\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/beazley-launches-do-product-suite-for-us-domiciled-spacs\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Beazley launches D&O product suite for US-domiciled SPACs\",\"datePublished\":\"2021-03-09T16:03:14+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/beazley-launches-do-product-suite-for-us-domiciled-spacs\\\/\"},\"wordCount\":517,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/beazley-launches-do-product-suite-for-us-domiciled-spacs\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODE4NzAyNCM0MDU1NjI3IzIwMTM4MjQ=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/beazley-launches-do-product-suite-for-us-domiciled-spacs\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/beazley-launches-do-product-suite-for-us-domiciled-spacs\\\/\",\"name\":\"Beazley launches D&O product suite for US-domiciled SPACs - Market Newsdesk\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/beazley-launches-do-product-suite-for-us-domiciled-spacs\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/beazley-launches-do-product-suite-for-us-domiciled-spacs\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODE4NzAyNCM0MDU1NjI3IzIwMTM4MjQ=\",\"datePublished\":\"2021-03-09T16:03:14+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/beazley-launches-do-product-suite-for-us-domiciled-spacs\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/beazley-launches-do-product-suite-for-us-domiciled-spacs\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/beazley-launches-do-product-suite-for-us-domiciled-spacs\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODE4NzAyNCM0MDU1NjI3IzIwMTM4MjQ=\",\"contentUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODE4NzAyNCM0MDU1NjI3IzIwMTM4MjQ=\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/beazley-launches-do-product-suite-for-us-domiciled-spacs\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Beazley launches D&O product suite for US-domiciled SPACs\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#website\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/\",\"name\":\"Market Newsdesk\",\"description\":\"Latest Business News in Real Time\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\",\"name\":\"Newsdesk\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g\",\"caption\":\"Newsdesk\"},\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/author\\\/newsdesk\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Beazley launches D&O product suite for US-domiciled SPACs - Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/beazley-launches-do-product-suite-for-us-domiciled-spacs\/","og_locale":"en_US","og_type":"article","og_title":"Beazley launches D&O product suite for US-domiciled SPACs - Market Newsdesk","og_description":"D&O and SPAC underwriting veteran Jim Rizzo to lead SPAC initiative New York, March 09, 2021 (GLOBE NEWSWIRE) — Specialist insurer Beazley has launched a directors\u2019 and officers\u2019 (D&O) product suite designed specifically for US-domiciled Special Purpose Acquisition Companies (SPACs).\u00a0\u00a0 Beazley\u2019s new D&O products for SPACs offer dedicated coverage for either the individuals, or the entity and individuals combined, to provide greater transparency and clarity about insurance coverage, from the initial public offering (IPO) to the initial business combination. The specialized needs of SPACs have historically been met through endorsements to existing D&O coverages. Jim Rizzo, Beazley Executive Risk underwriter and a SPAC expert who has underwritten these risks for two decades, is leading the initiative supported by a seasoned … Continue reading \"Beazley launches D&O product suite for US-domiciled SPACs\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/beazley-launches-do-product-suite-for-us-domiciled-spacs\/","og_site_name":"Market Newsdesk","article_published_time":"2021-03-09T16:03:14+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODE4NzAyNCM0MDU1NjI3IzIwMTM4MjQ=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/beazley-launches-do-product-suite-for-us-domiciled-spacs\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/beazley-launches-do-product-suite-for-us-domiciled-spacs\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Beazley launches D&O product suite for US-domiciled SPACs","datePublished":"2021-03-09T16:03:14+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/beazley-launches-do-product-suite-for-us-domiciled-spacs\/"},"wordCount":517,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/beazley-launches-do-product-suite-for-us-domiciled-spacs\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODE4NzAyNCM0MDU1NjI3IzIwMTM4MjQ=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/beazley-launches-do-product-suite-for-us-domiciled-spacs\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/beazley-launches-do-product-suite-for-us-domiciled-spacs\/","name":"Beazley launches D&O product suite for US-domiciled SPACs - Market Newsdesk","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/beazley-launches-do-product-suite-for-us-domiciled-spacs\/#primaryimage"},"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/beazley-launches-do-product-suite-for-us-domiciled-spacs\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODE4NzAyNCM0MDU1NjI3IzIwMTM4MjQ=","datePublished":"2021-03-09T16:03:14+00:00","author":{"@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"breadcrumb":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/beazley-launches-do-product-suite-for-us-domiciled-spacs\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.marketnewsdesk.com\/index.php\/beazley-launches-do-product-suite-for-us-domiciled-spacs\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/beazley-launches-do-product-suite-for-us-domiciled-spacs\/#primaryimage","url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODE4NzAyNCM0MDU1NjI3IzIwMTM4MjQ=","contentUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODE4NzAyNCM0MDU1NjI3IzIwMTM4MjQ="},{"@type":"BreadcrumbList","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/beazley-launches-do-product-suite-for-us-domiciled-spacs\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.marketnewsdesk.com\/"},{"@type":"ListItem","position":2,"name":"Beazley launches D&O product suite for US-domiciled SPACs"}]},{"@type":"WebSite","@id":"https:\/\/www.marketnewsdesk.com\/#website","url":"https:\/\/www.marketnewsdesk.com\/","name":"Market Newsdesk","description":"Latest Business News in Real Time","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.marketnewsdesk.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979","name":"Newsdesk","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g","caption":"Newsdesk"},"url":"https:\/\/www.marketnewsdesk.com\/index.php\/author\/newsdesk\/"}]}},"_links":{"self":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/posts\/453959","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/comments?post=453959"}],"version-history":[{"count":0,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/posts\/453959\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/media?parent=453959"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/categories?post=453959"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/tags?post=453959"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}