Beat Capital forms D&O underwriting vehicle
Beat Capital Partners Ltd. founded Tegron Specialty, an underwriting tool under the direction of industry veteran Paul Shore, that will add new capacity to the director and senior liability insurance market. Mr. Shore will serve as CEO of Tegron, the London-based venture capital firm said in a statement on Tuesday. Most recently, he was Head of International Finance at Navigators Insurance Co., the global specialty unit of Hartford Financial Services Group Inc. Tegron will focus on D&O insurance for public companies and specialize in placing losses, said Beat Capital. Starting July 1, Tegron will underwrite through a Lloyd's of London consortium led and administered by Syndicate 4242, which Beat acquired in 2018. Syndicate 4242 has an underwriting capacity of £ 225 million ($ 312.1 million) in 2021. Tegron also becomes an appointed agent for Asta Managing Agency Ltd. be said Beat Capital. The D&O market, one of the toughest businesses in what is currently a to...