Impact of Hurricanes

Beazley Group PLC
01 October 2004


Beazley Group Plc
1 October 2004


                              Impact of Hurricanes

Total insured losses from the recent hurricanes (Hurricanes Charley, Frances,
Ivan and Jeanne), which the insurance industry estimate to be in the range of
$20 billion to $30 billion, has affected the property, catastrophe reinsurance
and energy markets.

Beazley plans within its loss ratios for some level of hurricane activity
annually. However, due to the unusually high frequency of hurricanes in the last
quarter and the size of the overall expected insured loss, there will be an
estimated impact based on the Beazley Group plc's profit before tax for the 2004
financial year of approximately £15m.

Our interim statement of first half profits of £22.2m stated that market
conditions are still good across all classes of business. We believe that the
impact of the hurricanes will have a beneficial effect on rates and help sustain
the good trading conditions.

For further information, please contact:

Beazley Group plc
Andrew Beazley                              Tel: [phone]
Andrew Horton
Nicholas Furlonge

Finsbury                                    Tel: [phone]
Rupert Younger
Melanie Gerlis
Nicola Hobday


                      This information is provided by RNS
            The company news service from the London Stock Exchange