15th Nov 2007 07:02
Beazley Group PLC15 November 2007 Beazley Commences Share Buyback Programme London, November 15, 2007 Beazley Group plc (BEZ.L) today announces that ithas, through its broker Numis Securities, commenced a rolling on-market sharebuyback programme to repurchase up to 5% of the Company's issued share capital,representing approximately £30m, using the authority given by shareholders atthe AGM held on 3 May 2007. Any shares purchased will be held in treasury. --ENDS-- Enquiries: Charlie Farquhar Numis +44 20 7260 1000 Simon Moyse/Amanda Lee Finsbury +44 20 7251 3801 Notes to Editors: Beazley Group, plc (BEZ.L) based in London, is the parent company of global,specialist insurance businesses with operations in the UK, US, France, Singaporeand Hong Kong. Beazley manages two Lloyd's syndicates (Syndicate 2623 andSyndicate 623) with aggregate underwriting capacity in 2007 of £860m (US$1.7bn).Both syndicates are rated A by A.M. Best. In the US, Beazley's underwritersfocus on writing specialist insurance products in the admitted market, backed byBeazley Insurance Company, Inc., an admitted carrier in all 50 states; andsurplus lines risks, backed by the Beazley syndicates at Lloyd's. BeazleyInsurance Company is rated A by A.M. Best. Beazley is a market leader in many of its chosen lines including professionalindemnity, commercial property, marine, reinsurance, and personal lines. For more information please go to: www.beazley.com This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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