Beat Capital Partners Ltd. has formed Tegron Specialty, an insurance vehicle led by industry veteran Paul Shore, which will provide new capacity in the market for executive liability insurance.
Mr. Shore will serve as CEO of Tegron, the London-based venture capital firm said in a statement on Tuesday. Most recently, he was Chief Financial Officer, internationally at Navigators Insurance Co., the global specialty unit of The Hartford Financial Services Group Inc.
Tegron will focus on D&O insurance for listed companies and specialize in losses, Beat Capital said.
As of July 1, Tegron will sign through a Lloyd & # 39 ;s of London consortium, led and managed by Syndicate 4242, which Beat acquired in 201
The D&O market, one of the toughest business areas in the current tough market, is seeing increased capacity through a growing number of new players. .