Directorate Change

RNS Number : 1388W

Beazley PLC

15 November 2010

 



Beazley plc

Beazley plc Directorate Change

Dublin, 15^th November 2010

Ken Sroka, formerly head of product development at Zurich Financial Services, has been appointed to the board of Beazley plc with effect from 12 November 2010.

Mr Sroka, 57, brings extensive experience of the US property/casualty insurance market.  During the 1990s he created and directed Zurich's financial lines business in North America.  More recently he focused on the development of specialist products in North America as president and CEO of Zurich North American Specialties Division. 

Prior to joining Zurich in 1993, Mr Sroka's career included roles at Chubb, AIG and USF&G.  He retired from Zurich in 2008.

Beazley chairman Jonathan Agnew said:  "The US is our most important market and one in which we see great growth potential.  Ken's wide experience of developing specialist insurance products to meet the needs of clients and brokers will be very valuable to us as we continue to build our US business and I am delighted to welcome him to the Board of Beazley plc." 

Beazley plc has been notified that there are no details to be disclosed pursuant to Rule 9.6.13 of the Listing Rules in respect of Mr Sroka.

For further information, please contact:

Beazley plc
Sian Coope
[phone]

Beazley plc (BEZ.L), is the parent company of specialist insurance businesses with operations in Europe, the US, Asia and Australia.  Beazley manages five Lloyd's syndicates and, in 2009, underwrote gross premiums worldwide of £1,115.5 million.  All Lloyd's syndicates are rated A by A.M. Best. 

Beazley's underwriters in the United States focus on writing a range of specialist insurance products.  In the admitted market, coverage is provided by Beazley Insurance Company, Inc., an A.M. Best A rated carrier licensed in all 50 states.  In the surplus lines market, coverage is provided by the Beazley syndicates at Lloyd's.

Beazley is a market leader in many of its chosen lines, which include professional indemnity, property, marine, reinsurance, accident and life, and political risks and contingency business.

For more information please go to: www.beazley.com

 

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