7th Sep 2006 14:58
Beazley Group PLC07 September 2006 Press Release Appointment of New Non-Executive Director London, UK, September 7, 2006 - Beazley Group plc (BEZ.L), is pleased toannounce the appointment of Gordon Hamilton as an independent, non-executivedirector, with effect from 8th September 2006. He will also join Beazley's auditand remuneration committees. Gordon has over 30 years experience as an audit partner at Deloitte & Touche LLPand its predecessor practices, specialising in UK listed company audits, withextensive experience of board and audit committees. He has been involved widely in forensic accounting as an expert witness inseveral major audit negligence cases and in the resolution of large commercialdisputes. Since 2002 he has also been a member of the Financial Reporting ReviewPanel, an Operating Body of the Financial Reporting Council, the UK'sindependent regulator for corporate reporting and governance. Andrew Beazley, CEO of Beazley said: "I am delighted to welcome Gordon Hamilton to the Board. In an increasinglycomplicated accounting environment, his extensive experience in audit,accounting and regulation, working with UK listed companies, will proveinvaluable." There are no matters relating to this appointment that are required to beannounced under paragraph 9.6.13R of the Listing Rules. ENDS For further information, please contact: Beazley Group plcAndrew BeazleyT +44 (0)20 7667 0623 FinsburyAmanda LeeT +44 (0)20 7251 3801 Background to Beazley 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 ($1.5bn). 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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