Beazley Launches Beazley Security to Strengthen Cybersecurity Offerings
Beazley Launches Beazley Security to Strengthen Cybersecurity Offerings
Beazley has launched its latest initiative to fortify its cybersecurity services by merging its in-house Cyber Services team with Lodestone, its wholly owned cybersecurity firm.
Specialist insurer Beazley has successfully closed its inaugural 144A cyber catastrophe bond, providing coverage amounting to US$140 million. 

The move results in the establishment of Beazley Security, an integrated cyber risk management company aimed at enhancing cyber resilience for clients.

Alton Kizziah, the current CEO of Lodestone, will spearhead Beazley Security and report directly to Paul Bantick, Beazley’s Global Head of Cyber Risks.

The formation of Beazley Security marks a strategic alignment of Beazley’s risk management services provided under its cyber insurance policies with Lodestone’s technical cybersecurity expertise. This integration enables Beazley Security to offer comprehensive cyber preparedness and response capabilities, including innovative solutions such as a managed eXtended Detection and Response (mXDR) service. mXDR ensures continuous monitoring, facilitating swift threat identification and containment.

Paul Bantick, Global Head of Cyber Risks, Beazley commented: “We live in an era of accelerating cyber risk and by combining these two experts in cyber security and insurance, we are creating a force capable of addressing the challenges head on. I am looking forward to working with Alton and the team to support our clients in an ever more seamless and effective way.”

Alton Kizziah, CEO of Beazley Security said: “Building cyber resilience is top of mind for business leaders and Beazley Security has been created to bring responsive cyber protections to the heart of the fight against ever-evolving threats. I’m excited to lead an outstanding team of specialists committed to providing clients with confidence and peace of mind.”

Share this article: