Statement regarding Hardy Underwriting Bermuda Ltd

RNS Number : 8038Z

Beazley PLC

21 March 2012

 



Beazley plc

Dublin, 21st March 2012

Statement regarding Hardy Underwriting Bermuda Limited ("Hardy", the "Company")

Following the announcement by Beazley plc ("Beazley") on 21 December 2011, Beazley announces that it is no longer in discussions with Hardy and has no current intention to make an offer for the Company.

For further information, please contact:

Beazley plc

David Turner

[phone]

RLM Finsbury

Don Hunter

[phone]

Note to editors:

Beazley plc (BEZ.L), is the parent company of specialist insurance businesses with operations in Europe, the US, Asia and Australia. Beazley manages five Lloyd's syndicates and, in 2011, underwrote gross premiums worldwide of $1,712.5 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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