AGM-Trading Statement

Beazley Group PLC
03 May 2007





Press Release





Beazley Group Plc - AGM Trading Statement

                                                                      3 May 2007



At its Annual General Meeting being held at 16:00 today, Beazley Group Plc
('Beazley' or 'the Group'), one of the Lloyd's market leaders, will update on
current trading, as below:


Current Trading


Underwriting conditions experienced so far this year are satisfactory - the
Group has experienced an overall rate increase on renewal business across the
portfolio of 3%. This increase is mainly driven by rate increases on catastrophe
exposed business. The Group expects that by year end there will be no overall
rate increase on renewal business. In this environment trading conditions remain
good.


Premiums Written


The Group has written £205m of gross premiums for the period ended 31 March
2007, an increase of 11% over the equivalent period in 2006 (despite the £/$
exchange rate moving from 1.73 to 1.96). The premiums written from the US
amounted to $29m, comprising $18m written by our domestic insurance company,
Beazley Insurance Company Inc. (BICI) and $11m for the combined syndicates.


On 13 April 2007 the Group injected a further $45m into BICI to support the
growth in the business including the start up of the commercial property
business.


Investment Income


The investment balance continues to grow and the investment income for the first
quarter amounted to £15m compared to £10m for the equivalent period in 2006.



Andrew Beazley, Chief Executive of Beazley, said:


'We have had a good start to the year, with all parts of our business performing
as expected.'


Beazley Group plc will be announcing its interim results on 30 July 2007.


                                    --ENDS--










For further information, please contact:


Beazley Group plc

Andrew Beazley

T [phone]


Finsbury

Simon Moyse

Amanda Lee

T [phone]



Notes to Editors


Beazley Group, plc (BEZ.L), founded in 1986, is the parent company of specialist
insurance businesses with operations in the UK and the United States. Beazley
manages two Lloyd's syndicates (Syndicate 2623 and Syndicate 623) with aggregate
underwriting capacity in 2007 of £861m ($1.7bn). Both syndicates are rated A by
A.M. Best. The Beazley syndicates focus on specialist risk business in selected
markets, including professional indemnity, commercial property, marine,
reinsurance, and personal lines. Beazley is a market leader in many of its
chosen segments, such as professional indemnity insurance for US law firms and
for US architects and engineers. Beazley is quoted on the London Stock Exchange.


In the United States, Beazley's underwriters focus on writing specialist
insurance products in the admitted market, backed by Beazley Insurance Company,
Inc., a US admitted carrier in all 50 states; and surplus lines risks, backed by
the Beazley syndicates at Lloyd's. Beazley Insurance Company is rated A- by A.M.
Best.


Beazley's website address is: www.beazley.com





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