Subordinated Debt

RNS Number : 3907O

Beazley PLC

04 November 2016

 

Beazley plc

London, 4 November 2016

Subordinated Debt

Further to its announcement on 22 July 2016 that it was considering a new debt issuance of up to £250 million in the second half of 2016, Beazley plc confirms that its subsidiary, Beazley Re Designated Activity Company, has today issued US$250,000,000 5.875% Subordinated Tier 2 Notes due 2026.

For further information, please contact:

Beazley plc	Finsbury
Martin Bride	Guy Lamming/Sarah Roberts
Tel: [phone]	Tel: [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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