Transaction in Own Shares

Beazley Group PLC
23 November 2007



Press Release

Beazley Group PLC                                             23rd November 2007
Transaction in own shares


Beazley Group PLC ('the Company') announces that in accordance with paragraph
12.4.6R of the Listing Rules and paragraph 5.5.1R of the Disclosure and
Transparency Rules it has today purchased 200,000 Ordinary Shares of 5p each at
an average price of 160.00 pence per share.

The highest price and lowest price paid for these shares was 160.00 pence. All
the purchased shares will all be held as Treasury shares.

Following the above purchase, the Company holds 1,956,894 Ordinary Shares in
Treasury. The number of Ordinary Shares purchased represents 0.53% of the voting
rights attributable to the total Ordinary Shares in issue prior to such
purchases.

The Company has 364,991,687 Ordinary Shares in issue (excluding Treasury
shares).

The above figure may be used by shareholders as the denominator for the
calculations by which they will determine if they are required to notify their
interest in, or a change to their interest in, the Company under the Disclosure
and Transparency Rules.


For enquiries:

Charles Farquhar - Numis                                        [phone]


Notes to Editors:

Beazley Group, plc (BEZ.L) based in London, is the parent company of global,
specialist insurance businesses with operations in the UK, US, France, Singapore
and Hong Kong. Beazley manages two Lloyd's syndicates (Syndicate 2623 and
Syndicate 623) with aggregate underwriting capacity in 2007 of £860m (US$1.7bn).
Both syndicates are rated A by A.M. Best. In the US, Beazley's underwriters
focus on writing specialist insurance products in the admitted market, backed by
Beazley Insurance Company, Inc., an 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 is a market leader in many of its chosen lines including professional
indemnity, commercial property, marine, reinsurance, and personal lines.

For more information please go to: www.beazley.com



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