Press Release

Marsh adds Beazley to ESG Risk Rating roster

London | 27 June, 2022

Marsh, the world’s leading insurance broker and risk advisor, today announced that specialist insurer Beazley is to offer clients that opt in to Marsh’s Environmental, Social, and Governance (ESG) Risk Rating (ERR), global access to additional capacity through its Lloyd’s of London Syndicate 4321, subject to the ERR score meeting Beazley’s threshold.

Launched in March, Marsh’s ESG Risk Rating is an assessment tool that can measure an organisation’s ESG performance, enabling it to improve their ESG risks, and gain access to additional insurance market capacity.

Syndicate 4321 started underwriting in January 2022 and accepts D&O, healthcare, financial institutions, London market US cyber, property, marine hull, marine cargo and aviation business. All premiums received by Syndicate 4321 are invested responsibly in line with Beazley’s Responsible Investment Strategy.

Amy Barnes, Head of Climate and Sustainability Strategy, Marsh, said: “The ESG Risk Rating enables clients to take control of their ESG narrative and differentiate their organisations with insurers. The option of additional capacity from Beazley’s Syndicate 4321 is an important milestone in the development of the ESG Risk Rating, as we support clients in realising their ESG goals.”

Will Roscoe, Head of Portfolio Underwriting, Beazley, added: “Beazley’s ESG syndicate 4321 helps clients improve their ESG credentials and embed greater understanding of the risk profile of high scoring ESG businesses into our own underwriting. I am pleased that by adopting Marsh’s ESG Risk Rating tool, clients who are able to meet the criteria will benefit from access to additional capacity from syndicate 4321.”

About Marsh

Marsh is the world’s leading insurance broker and risk advisor. With around 45,000 colleagues operating in 130 countries, Marsh serves commercial and individual clients with data-driven risk solutions and advisory services. Marsh is a business of Marsh McLennan (NYSE: MMC), the world’s leading professional services firm in the areas of risk, strategy and people. With annual revenue over $20 billion, Marsh McLennan helps clients navigate an increasingly dynamic and complex environment through four market-leading businesses: Marsh, Guy Carpenter, Mercer and Oliver Wyman. For more information, visit marshmclennan.com, follow us on LinkedIn and Twitter or subscribe to BRINK.

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