Specialty insurer Beazley Group has announced its expansion into the European commercial property market with the appointment of Sara Foucher as Head of Commercial Property, Europe, effective immediately. Based in Paris, Foucher is tasked with leading the development of Beazley’s property offerings and expanding the team across the region to meet growing demand for specialized insurance solutions. She will report to Richard Montminy, Group Head of Property Risks.
Foucher brings three decades of industry experience to her new role at Beazley. Before joining, she served as Head of Underwriting for GC&C in France at Generali. Her previous roles include Property Underwriting Director for France and Belgium at RSA and Head of Property, France, at Swiss Re Corporate Solutions.
Richard Montminy, Group Head of Property Risks at Beazley, stated, “Businesses across Europe need access to specialist property insurance solutions as climate risk and rising asset values are transforming the risks to which property owners are exposed. Sara’s appointment signals our intent to grow our presence in the market and her reputation and experience makes her perfectly placed to galvanize the build out of our team across Europe and I look forward to working with her.”
Fred Kleiterp, Managing Director for Europe at Beazley, added, “Beazley is committed to growing our presence in Europe. We see increasing demand for specialty insurance expertise that can shoulder the risks of an increasingly complex and volatile environment. I am delighted that we are adding property to our expanding roster of specialty solutions, which will better serve the needs of our brokers and clients.”
Sara Foucher commented, “Beazley is known for its innovative approach to risk and out-of-the-box thinking. I look forward to building out our presence in the property markets across Europe.”
