This innovative solution simplifies the placement and claims process while offering comprehensive protection against the full range of risks these complex organisations face.
FLEX offers coverage limits of up to EUR/USD 50 million, ensuring streamlined protection and minimising the risk of gaps in coverage. It also includes access to Beazley’s Full Spectrum Cyber ecosystem, which provides before, during, and after cyber services, along with cutting-edge expertise from Beazley Security to help clients manage cyber risks effectively.
Gerard Bloom, Head of International Specialty Risks at Beazley, explained the rationale behind the consortium: “As financial institutions increasingly seek consolidated coverage to address a wide array of risks, we have worked closely with our clients and brokers to develop FLEX.”
He added “This solution delivers the simplicity, efficiency, and advanced protection these complex organisations need to manage interconnected threats within a single policy.”
Alessandro Lezzi, Head of International Cyber Risks at Beazley, highlighted the importance of expanding the company’s cyber offerings: “By combining our leading cyber expertise with our financial institutions’ expertise, FLEX actively reduces the risk of coverage gaps and strengthens our clients’ resilience against emerging threats.”
FLEX is available globally to financial institutions, excluding U.S. domiciled businesses, through Lloyd’s or Beazley’s European insurance company paper.
Join Beazley Leaders at Insurtech Insights Europe 2025 in London
Join Alessandro Lezzi, Head of International Cyber Risks at Beazley, at Insurtech Insights Europe 2025 on March 19 to 20th at the O2 Intercontinental – London. Alessandro is confirmed to offer valuable insights at the event. For more information, visit here: ITI Europe 2025
