Beazley to open Barcelona office in Europe expansion

Spanish private equity has done surprisingly well in 2010

The insurer, which has a predominantly US-centric business model, will offer financial lines to continental Europe through the new office. The Barcelona office will be led by Lorena Segovia who joins from HCC Global, where she was financial lines underwriting manager for southern Europe. The move comes as part of a wider Europe expansion and follows the decision to change its Ireland reinsurance business to a primary insurer. Gerard Bloom, Beazley’s head of international financial lines, said