Directorate Changes

RNS Number : 3187N

Beazley PLC

17 January 2019

 

Beazley plc

London, 17 January 2019

Directorate Changes

Beazley plc ("the Company") announces that following a comprehensive search, Sally Lake will be appointed as the group finance director. The appointment will become effective when Martin Bride steps down in May 2019. 

A Fellow of the Institute of Actuaries since 2004, Sally joined Beazley in 2006 and has been the group actuary since 2014. Prior to her appointment as group actuary, Sally held several senior roles within the organisation where she has gained a considerable breadth of experience.   

Andrew Horton, the CEO commented:

"I am delighted that Sally will be taking up the role and I look forward to working closely with her. Sally brings exceptional skills, energy and relevant experience to the role and it is pleasing that we have been able to promote from within the organisation."

The Company also announces that, following the conclusion of two three-year terms, Angela Crawford-Ingle, non-executive director and chair of the audit and risk committee will step down from the board at the conclusion of the 2018 accounting year and when the handover to her successor is complete. The Company has initiated a search, which is at an advanced stage, for a new non-executive director to chair the audit and risk committee and an appointment will be made in due course.

David Roberts, the Chairman commented:

"Angela has been an excellent chair of the audit and risk committee and contributor to the board. I, together with the rest of the board, would like to extend our sincere thanks to her for the technical expertise and experience, which have been invaluable.

The Company also announces that Christine LaSala is appointed to the nomination and remuneration committees with effect from 21 March 2019.

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.L) is the parent company of specialist insurance businesses with operations in Europe, United States, Canada, Latin America and Asia. Beazley manages seven Lloyd's syndicates and, in 2017, underwrote gross premiums worldwide of $2,343.8 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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