Beazley has announced that Andrew Horton will step down as CEO and will be succeeded by Adrian Cox, with effect from 1 April 2021.
Horton will remain with the company until 31 March 2021 and is not expected to take up his new role as group CEO of QBE Insurance Group Limited in Australia until 1 September 2021.
Commenting in the move, he said: “I am pleased to be leaving the Group in such capable hands and I wish Adrian and the whole Beazley team all the best for the future.”
Horton has been with Beazley for 20 years, most recently as chief underwriting officer and has over 25 years’ of industry experience. He has also been a member of the Beazley plc board since 2010.
David Roberts, chairman, Beazley, said: “On behalf of the whole Board, I would like to thank Andrew for his leadership and outstanding contribution to Beazley, in particular as CEO, a position he has held since 2008. He has overseen the expansion of Beazley over this period, and leaves it in a strong position operationally and financially.
“Adrian’s appointment provides continuity in Beazley’s leadership team and strategic direction. This ensures that we will continue delivering for our people, our clients and our shareholders in the years to come.”