Beazley Security

Beazley Security was formed in February 2024 by merging Lloyd’s cyber insurer Beazley’s in-house cyber risk services team with Lodestone, a managed security services firm Beazley had already owned since 2016. Based in Lewisville, Texas, the combined company delivers advisory consulting, managed detection and response, incident response, offensive security testing, and post-incident restoration, reporting to Beazley’s global head of Cyber Risks. Its newer managed extended detection and response (mXDR) offering adds round-the-clock monitoring to the existing service lineup.

The company’s main structural advantage is distribution: as part of an insurer, it has a built-in pipeline of clients who hold Beazley cyber policies and often need incident response or security services as part of that relationship, plus access to the claims data a major cyber insurer accumulates across its book of business. It reports 51-200 employees and serves clients concentrated in healthcare, higher education, retail, financial services, manufacturing, and government/non-profit sectors.

Beazley Security is a real, operating MSSP with a decade of Lodestone’s delivery history behind it, but it is fundamentally a traditional security-services business wrapped in an insurance distribution channel rather than a technology company advancing a new detection or defense capability. Its innovation story rests on combining insurance risk data with service delivery, not on a novel product.