Beazley Group, a risk insurance and reinsurance company operating through Lloyds syndicates, has acquired a 25% stake in Lloyd’s cover holder and trade credit specialist Equinox Global.
Equinox Global chief executive Mike Holley said the investment shows Beazley’s commitment to supporting Equinox Global and its continued growth.
"Equinox Global is now well positioned to expand the business further to better support our global client base," Holley added.
Beazley has been a carrier for Equinox Global since it started business in 2010 through its Syndicates 623/2623 at Lloyd’s, and also holds binding authority agreements for Pembroke Syndicate 4000 and Aspen Insurance UK.
The balance of the shareholding is owned by Equinox Global management, and the investment has been approved by both Lloyd’s and the Financial Services Authority (FSA).
Beazley Group is a specialist insurer with more than two decades of experience in providing clients with the highest standards of underwriting and claims service worldwide.