Beat Capital launches D&O underwriting platform Tegron Specialty

Beat Capital Partners, the long duration investor specialising in the insurance industry, has launched a new underwriting vehicle called Tegron Specialty, focused on directors’ and officers’ (D&O) insurance for publicly traded companies.

Paul Shore becomes chief executive officer of Tegron Specialty, bringing more than 25 years of industry experience to the role. Shore has previously served as head of management liability at Navigators and, most recently, head of financial lines, international at Navigators/The Hartford.

Tegron specialises in D&O excess of loss placements. From July 1 2021, Tegron will underwrite via a Lloyds consortium, led and managed by Beat syndicate 4242, and will be an appointed representative of Asta Managing Agency.

Shore said the launch of Tegron “comes at a time when the D&O market is in much need of fresh capacity.”

John Cavanagh, chairman of Beat Capital, pointed to Shore’s “outstanding underwriting record in this class of business”, saying he “is yet another excellent example of Beat Capital’s target template of entrepreneurial underwriting and market-leading talent.”

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