Beat Capital Partners, a long duration investor specialising in the insurance industry, and Paul Shore have launched a new underwriting vehicle called Tegron Specialty that will focus on directors’ and officers’ (D&O) insurance for publicly traded companies, specialising in excess of loss placements.
Shore becomes chief executive officer of Tegron Specialty and brings more than 25 years of industry experience to the role. During his career, he has held various senior roles, including head of management liability at Navigators and most recently served as head of financial lines, International at Navigators/The Hartford.
From 1 July 2021, Tegron will underwrite via Lloyd’s consortium, led and managed by Beat Syndicate 4242, and will be an appointed representative of Asta Managing Agency Ltd.
Shore Said: “I am really pleased to announce the establishment of Tegron, the launch of which comes at a time when the D&O market is in much need of fresh capacity. I look forward to re-engaging with brokers and clients alike, and in partnership with Beat Capital, creating a market-leading proposition.”
John Cavanagh, chairman of Beat Capital, added: “We are delighted to partner with Paul Shore in the formation of Tegron. With his outstanding underwriting record in this class of business and respected industry reputation, Paul is yet another excellent example of Beat Capital’s target template of entrepreneurial underwriting and market-leading talent.”