AM Best Rating

Beazley Group PLC
05 November 2007


Beazley Group plc


Plantation Place South
60 Great Tower
Street
London EC3R 5AD

Tel: [phone]
Fax: [phone]
www.beazley.com


Press Release

Beazley Insurance Company Assigned 'A' Rating by A.M. Best

Locally Underwritten U.S. Premiums Top $140 million

London, November 5, 2007  Beazley Group plc (BEZ.L) is pleased to announce that
the financial strength rating of Beazley Insurance Company, Inc., its admitted
insurance company in the United States, has been upgraded by A.M. Best from A-
to A.

Beazley acquired the company from Mutual of Omaha in March 2005 and the company
underwrote its first policy in the U.S. admitted market in September 2005.
Beazley Group plc was the first Lloyd's based insurance business to acquire an
admitted carrier licensed in all 50 states.

Beazley Insurance Company's initial rating of A- was assigned in July 2005. The
company is supported by quota share reinsurance provided by Beazley's managed
syndicates at Lloyd's, which are also rated A by A.M. Best. Announcing the
upgrade, A.M. Best cited 'the solid risk-adjusted capitalization' of Beazley
Insurance Company, 'derived from a sound business plan, which includes full
operational integration into Beazley Group plc.'

Separately, Beazley announced that, as of October 31, the group's U.S. underwrit
ers have written gross premium of $144 million, up from $68.9 million for all of
2006. This includes $90 million of admitted market premium underwritten for the
account of Beazley Insurance Company and $54 million of premium written in the
non-admitted market for the account of Beazley's Lloyd's syndicates. In light of
this strong performance, we have raised our full year premium target from our US
operations, from $150 million to in excess of $165 million.


Beazley Chief Executive Officer Andrew Beazley said

'We established a local presence in the United States to access middle market
and small scale business that has not historically come to London. We thought
there was a gap in the market - a demand from brokers and their clients for more
experienced underwriters to provide a more responsive service.


'It looks like we were right. Although competition has been intensifying in many
of the markets we target, our locally underwritten U.S. business as a whole has
gained strong traction. In addition to highly experienced underwriters, we have
also invested heavily in high calibre claims expertise and we believe this will
strengthen our value proposition still further.


'A.M. Best's recognition of the financial and management strength of our U.S.
admitted carrier should provide further support to our U.S. growth strategy.'


ENDS


For further information, please contact:


Beazley Group plc
Andrew Horton
T [phone]


Note to Editors:


Beazley has been underwriting U.S. business through its Lloyd's syndicates in
London for more than 20 years and continues to write the majority of its U.S.
business in London.


Beazley Group, plc (BEZ.L) based in London, is the parent company of global,
specialist insurance businesses with operations in the UK, US, France, Singapore
and Hong Kong. Beazley manages two Lloyd's syndicates (Syndicate 2623 and
Syndicate 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 underwriters
focus on writing specialist insurance products in the admitted market, backed by
Beazley Insurance Company, Inc., an 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 is a market leader in many of its chosen lines including professional
indemnity, 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 Exchange