Directorate Changes

RNS Number : 0530H

Beazley PLC

12 August 2016

 

Beazley plc

London, 12 August 2016

Beazley plc Directorate Changes

Beazley plc announces that the board has appointed Robert Stuchbery as a non-executive director and member of the audit and risk committee with effect from 11 August 2016. 

Mr Stuchbery has recently been appointed as a non-executive director to the board of Beazley Furlonge Ltd, the Lloyd's managing agency which forms part of the Group. Mr Stuchbery has extensive Lloyd's experience having been CEO of Chaucer until 2015 and having held numerous management roles at the company for over 25 years. He remains chairman of the Chaucer Foundation.

Beazley plc further announces that Vincent Sheridan, who has been a Beazley plc non-executive director since 2009 will retire from the board and audit and risk committee on 31 December 2016.  He will remain a director of Beazley Re Designated Activity Company, the Group's Irish subsidiary. Christine LaSala has been appointed to the Beazley plc audit and risk committee with effect from 11 August 2016. 

Beazley's chairman Dennis Holt said "I am pleased to welcome Bob to the board of Beazley plc. Bob's deep knowledge of the Lloyd's market and distribution and operational strategies will be an asset to the board. I would also like to express appreciation to Vincent for his valued contribution to the board during his seven year tenure."

There are no matters requiring disclosure under Listing Rule 9.6.13.

For further information please contact:

Beazley plc

Christine Oldridge

[phone]

Note to editors:

Beazley plc (BEZ), is the parent company of specialist insurance businesses with operations in Europe, the US, Latin America, Asia, Middle East and Australia. Beazley manages six Lloyd's syndicates and, in 2015, underwrote gross premiums worldwide of $2,080.9 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 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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