31st Oct 2008 15:38
Beazley Group Plc
31 October 2008
Beazley Group plc (the "Company")
Resignation of Director
W. Marston (Marty) Becker has notified the Company of his intention to resign from the Board of Beazley Group plc with effect from 31 October 2008 shortly before the proposed closing of the acquisition by Max Capital Limited of Imagine Group (UK) Limited which manages a syndicate at Lloyd's.
Marty Becker joined the Board in May 2006 and the Board thanks him for the valuable contribution he has made during his time with the Company.
Ends
NOTES TO EDITORS
Based in London, U.K. since 1986, Beazley (BEZ.L) is the parent company of a global specialist risk insurance and reinsurance business operating through Lloyd's syndicates 2623 and 623 in the UK and Beazley Insurance Company, Inc., a US admitted carrier in all 50 states. Both syndicates are rated A by A.M. Best with an aggregate capacity for 2006 of £830m (over $1.4bn). Beazley Insurance Company, Inc. is rated A- by A.M. Best.
Beazley is a market leader in many of its chosen lines of business, which include professional indemnity, marine, reinsurance, commercial property and personal lines.
Further information about us is available at www.beazley.com
W. Marston Becker is Chairman and Chief Executive Officer of Max Capital Group (Nasdaq - MXRE),
For further information:
Vanessa Neill / Andrew Holt, Finsbury
Tel: 020 7251 3801
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