The candidate will help to drive the insurer’s ’future strategy and direction’
Insurer Beazley has appointed Rachel Turk as its new group head of strategy - she will also join the executive committee with immediate effect.
In addition to her role at Beazley, Turk also sits on the board of the Lloyd’s Market Association (LMA).
Adrian Cox, Beazley’s chief executive, said: “Turk’s promotion recognises the huge contribution that she has made to the group and puts her at the heart of defining our future strategy and direction.
“Over the past couple of years, Turk has driven a number of key development activities, including identifying growth opportunities in existing markets via mergers and acquisitions.
”She has also been instrumental in the creation and success of our incubation underwriting team, which is at the forefront of exploring new products and services.”
Driving the strategic direction
Previously, Turk was Beazley’s head of corporate development. To date, she has spent nearly 13 years at the insurer.
Speaking about her new position, Turk said: “Core to our strategy is to do the right thing for our clients, the markets we serve and the business as a whole.
“[This] is why harnessing our depth of experience, knowledge and insight to create risk services and solutions that make a real difference to our clients is key to our future success.
“This is a particularly exciting time for Beazley and I am delighted that I will be helping to drive the strategic direction at this time of change and opportunity.”
Originally, Turk joined Beazley in 2009 as a directors’ and officers’ underwriter in specialty lines - she then became focus group leader in 2015.
Later in 2019, Turk was appointed as Beazley’s head of corporate development.
Before joining Beazley, Turk held equity and finance analyst roles and she is a qualified chartered accountant.
Cox added: “This is a very well deserved promotion.
”Since 2019, Turk has been working with the executive, helping us to develop and refine our corporate strategy, as well as developing plans to ensure that we deliver on our corporate objectives.”