Specialist insurer Beazley has appointed Will Roscoe as head of Beazley’s ‘smart tracker’ special purpose syndicate 5623.

Roscoe joined Beazley from Willis in 2011 as an underwriter in the London based open market property team. He will now be responsible for setting the syndicate’s growth strategy, underwriting the portfolio and working closely with brokers to create new facilities. In his new role he will report to Beazley’s chief underwriting officer, Adrian Cox.

The smart tracker syndicate, which was set up in 2018, provides investors with the opportunity to track Lloyd’s market business whilst also providing returns that aim to be less volatile and consistently above the Lloyd’s average.

Adrian Cox, CEO, said: “Will has been closely involved in the development of the smart tracker and brings a deep knowledge of the London insurance market. His appointment will enable us to develop the syndicate’s role as a source of attractive low volatility investment opportunities for third-party capital.”

Roscoe, said: “I am excited to take on this new role and look forward to building on the momentum we’ve seen since launching Beazley’s smart tracker in 2018. We have written more than $50mn in gross premium so far this year, and we have ambitious growth plans.”