Beazley Group PLC
29 June 2006
2007 2623/623 Syndicate Business Forecast
London, 29 June, 2006 - Beazley announces that it expects syndicates 2623/623 to
increase its level of capacity by £30m for 2007 to £860m.
A presentation to the capital providers of syndicate 623 regarding the 2007 623
business forecast will be held today.
Ends
For further information, please contact:
Beazley Group plc
Arthur Manners
T +44 (0)20 7667 0623
Notes to Editors
Beazley Group, plc (BEZ.L), founded in 1986, is the parent company of specialist
insurance businesses with operations in the UK and the United States. Beazley
manages two Lloyd's syndicates (Syndicate 2623 and Syndicate 623) with aggregate
underwriting capacity in 2006 of £830m ($1.46bn). Both syndicates are rated A by
A.M. Best. The Beazley syndicates focus on specialist risk business in selected
markets, including professional indemnity, commercial property, marine,
reinsurance, and personal lines. Beazley is a market leader in many of its
chosen segments, such as professional indemnity insurance for US law firms and
for US architects and engineers. Beazley is quoted on the London Stock Exchange.
In the United States, Beazley's underwriters focus on writing specialist
insurance products in the admitted market, backed by Beazley Insurance Company,
Inc., a US admitted carrier in all 50 states; and surplus lines risks, backed by
the Beazley syndicates at Lloyd's. Beazley Insurance Company is rated A- by A.M.
Best.
Beazley's website address is: www.beazley.com
This information is provided by RNS
The company news service from the London Stock Exchange
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