Lloyd's insurer Beazley Group plc said it has created a facility in the Lloyd's market for catastrophe-exposed U.S. commercial property risks.

The company said Beazley Quincat facility will enable the property team to write 100 percent layers for U.S. clients with limits of up to $35 million.

Risks insured by the Beazley Quincat facility, consortium 9407, will be underwritten by Beazley's commercial property team: Jonathan Gray, Alastair Blades and Alistair Robson.

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