Directorate Change

RNS Number : 2239P

Beazley PLC

08 February 2023

 

Beazley plc

London, 8 February 2023

Beazley plc board changes

On 21 July 2022, the Company announced that David Roberts would be standing down as Chair in the autumn of 2022 to take up the role as Chair of the Court of the Bank of England. The Company subsequently announced that David stood down with effect from 21 October 2022 and Christine LaSala took up the role as Interim Chair of both the board and nomination committee with effect from the same date.

Following the conclusion of an external search Beazley plc announces the appointment of Clive Bannister as Chair Designate and a non-executive director with immediate effect. It is intended that Clive will take up the role of Chair at the conclusion of the Company's AGM on 25 April 2023. Clive will also join the nomination committee and become its Chair following the AGM.

Clive is currently the Chair of Rathbones Group plc and the Museum of London. He was previously CEO of Phoenix Group Plc, retiring in March 2020. Clive had a long and distinguished career at HSBC Group where his roles included being CEO of HSBC Private Banking and Group Managing Director of Insurance. In addition to Clive's extensive executive career, he has previously been a non-executive director of the Association of British Insurers, Punter Southall Group Ltd, Ignis Asset Management Ltd, and HSBC Insurance Brokers Ltd. Clive will bring a wealth of strategic, commercial, and significant transformational experience to the board.

Adrian Cox, Chief Executive of Beazley said: "I am delighted that Clive will be joining the Beazley board and I, along with the rest of the team are very much looking forward to working with him."

Christine LaSala, Interim Chair commented: "I have been impressed throughout the search process by the positive and consistent interactions with Clive, his credentials, career track-record, and his enthusiasm to take on the role. On behalf of the entire board, I would like to congratulate him on his appointment."

Clive Bannister, Chair Designate said: "I am very pleased to be joining Beazley. Beazley has an outstanding reputation for innovation and delivering shareholder value. I am looking forward to working with the board and management team to continue this performance in the years to come."

This disclosure is made pursuant to paragraph 9.6.13(R) of the Listing Rules.

For further information please contact:

Beazley plc

Christine Oldridge

[phone]

Note to editors:

Beazley plc (BEZ.L), is the parent company of specialist insurance businesses with operations in Europe, North America, Latin America and Asia. Beazley manages seven Lloyd's syndicates and, in 2021, underwrote gross premiums worldwide of $4,618.9 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's European insurance company, Beazley Insurance dac, is regulated by the Central Bank of Ireland and is A rated by A.M. Best and A+ by Fitch.

Beazley is a market leader in many of its chosen lines, which include professional indemnity, cyber liability, 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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