11th May 2006 07:01
Beazley Group PLC11 May 2006 Marty Becker joins Beazley Board London, 11 May, 2006 - Beazley Group plc (BEZ.L) is pleased to announce theappointment of W. Marston (Marty) Becker as an independent non-executivedirector with effect from 8 May 2006. Mr Becker, an attorney and certified public accountant, has more than 28 years'experience working at a senior level across a broad range of insurance andreinsurance businesses. He is currently serving as chairman and chief executiveofficer of LaSalle Reinsurance, managing the run-off of the Bermuda-basedreinsurer. During the course of his career he served as chairman and chiefexecutive officer of Trenwick Group, Ltd; chairman of Hales and Company, aninvestment bank specializing in insurance and financial services; chairman andchief executive officer of Orion Capital; vice chairman of Royal & SunAlliance,USA; and president and CEO of McDonough Caperton Insurance Group. Andrew Beazley, CEO of Beazley, said:"Marty has extensive experience in the US insurance industry at a seniormanagement level. His insight and knowledge of the US market will prove to beinvaluable and we look forward to his contribution in driving our businessforward." ENDS For further information, please contact: Beazley Group plcAndrew BeazleyT +44 (0)20 7674 7501 FinsburySimon MoyseT +44 (0)20 7251 3801 Notes on Marty Becker 1. Marty is currently a director of Max Re, Ltd and Selective Insurance Group,Inc. 2. Within the past five years, Marty has also been a director of Arch CapitalGroup, Inc and Trenwick Group, Ltd. 3. Whilst at Trenwick, Marty led the group through a successful consensualChapter 11 reorganization under the US Code. Background to BeazleyBeazley 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 anaggregate underwriting capacity in 2006 of £830m ($1.46bn). Both syndicates arerated A by A.M. Best. The Beazley syndicates focus on specialist risk businessin selected markets, including professional indemnity, commercial property,marine, reinsurance, and personal lines. Beazley is a market leader in many ofits chosen segments, such as professional indemnity insurance for US law firmsand for 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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