14th Aug 2007 12:00
Beazley Group PLC14 August 2007 14th August 2007 Statement re: Andrew Beazley Andrew Beazley, Chief Executive of Beazley Group plc ("Beazley"), will beundergoing medical treatment in the coming months and will therefore have areduced day-to-day involvement in the business. During this period NicholasFurlonge, co-founder of Beazley, will cover Andrew's responsibilities as ChiefExecutive and Chairman of the Executive Committee as and when required. -ENDS - Enquiries: Simon Moyse/Amanda Lee Finsbury +44 20 7251 3801 Beazley Group Beazley Group, plc (BEZ.L), based in London , is the parent company of global,specialist insurance businesses w it h operations in the UK , US, France ,Singapore and Hong Kong . Beazley manages two Lloyd's syndicates (Syndicate2623 and Syndicate 623) w it h aggregate underwriting capacity in 2007 of £860m(US$1.7bn). Both syndicates are rated A by A.M. Best. In the US, Beazley'sunderwriters focus on writing specialist insurance products in the admittedmarket, backed by Beazley Insurance Company, Inc., an admitted carrier in all 50states; and surplus lines risks, backed by the Beazley syndicates at Lloyd's.Beazley Insurance Company, Inc. 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. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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