Holding(s) in Company

Beazley Group PLC
14 January 2003


                                  SCHEDULE 10

                   NOTIFICATION OF MAJOR INTERESTS IN SHARES


1)   Name of company

BEAZLEY GROUP PLC

2)   Name of shareholder having a major interest

Lehman Brothers International (Europe)


3)   Please state whether notification indicates that it is in respect of
     holding of the shareholder named in 2 above or in respect of a
     non-beneficial interest or in the case of an individual holder if it is a
     holding of that person's spouse or children under the age of 18

As 2



4)   Name of the registered holder(s) and, if more than one holder, the
     number of shares held by each of them

Not disclosed

5)   Number of shares/amount of stock acquired

Not disclosed

6)   Percentage of issued class

N/A

7)   Number of shares/amount of stock disposed

Not disclosed

8)   Percentage of issued class

N/A

9)   Class of security

Ordinary shares of 5p

10)  Date of transaction

Not disclosed

11)  Date company informed

13th January 2003

12)  Total holding following this notification

Not disclosed


13)  Total percentage holding of issued class following this notification


Not disclosed


14)  Any additional information


As at close of business on 9th January 2003, the interest of Lehman Brothers
International (Europe) in the ordinary share capital of Beazley Group plc has
fallen below 3%


15)  Name of contact and telephone number for queries

J P Gorman 020 7935 0027

16)  Name and signature of authorised company official responsible for
     making this notification


Jeremy P Gorman   Company Secretary

     Date of notification ..14th January 2003......


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