5th May 2006 07:00
Beazley Group PLC05 May 2006 Beazley Group Plc - AGM Trading Statement At its Annual General Meeting being held at 12:00 today, Beazley Group Plc("Beazley"), one of the Lloyd's market leaders, will update on current trading,as below: Current Trading Underwriting conditions to 30 April 2006 have generally remained favourableresulting in a 17% increase in gross premiums written for the Group, relative to30 April 2005. Andrew Beazley, Chief Executive of Beazley, said: "We are pleased with our progress thus far in 2006 and believe that marketconditions will improve particularly for catastrophe exposed business in theUS." Beazley Group Plc will be announcing its interim results on 30 August 2006. --ENDS-- For further information, please contact: Beazley Group plc Andrew BeazleyT +44 (0)20 7674 7501 Finsbury Simon MoyseAmanda LeeT +44 (0)20 7251 3801 Notes to Editors Beazley Group, plc (BEZ.L), founded in 1986, is the parent company of specialistinsurance businesses with operations in the UK and the United States. Beazleymanages two Lloyd's syndicates (Syndicate 2623 and Syndicate 623) with aggregateunderwriting capacity in 2006 of £830m ($1.46bn). Both syndicates are rated A byA.M. Best. The Beazley syndicates focus on specialist risk business in selectedmarkets, including professional indemnity, commercial property, marine,reinsurance, and personal lines. Beazley is a market leader in many of itschosen segments, such as professional indemnity insurance for US law firms andfor US architects and engineers. Beazley is quoted on the London Stock Exchange. In the United States, Beazley's underwriters focus on writing specialistinsurance products in the admitted market, backed by Beazley Insurance Company,Inc., a US admitted carrier in all 50 states; and surplus lines risks, backed bythe Beazley syndicates at Lloyd's. Beazley Insurance Company is rated A- by A.M.Best. Beazley's website address is: www.beazley.com This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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