Auditor resignation

RNS Number : 5174B

Beazley PLC

07 June 2019

 

Beazley plc

London, 7 June 2019

Auditor Resignation

In accordance with section 520(2) of the Companies Act 2006, the Company announces, for information only, that it has received a statutory statement from KPMG LLP ("KPMG") in connection with their resignation as auditors of the Company. 

The resignation of KPMG follows a competitive tender process undertaken in connection with the mandatory auditor rotation requirements, in which KPMG did not participate. Following this process, shareholders approved the appointment of Ernst & Young LLP as auditors of the Company at the 2019 Annual General Meeting.

A copy of the section 519 statement of reasons provided by KPMG is available to view on the Company's website using the following URL: https://investor.relations.beazley.com/shareholder-information/ auditor-resignation.

For further information please contact:

Beazley plc

Christine Oldridge

[phone]

Note to editors:

Beazley plc (BEZ.L) is the parent company of specialist insurance businesses with operations in Europe, United States, Canada, Latin America and Asia. Beazley manages seven Lloyd's syndicates and, in 2018, underwrote gross premiums worldwide of $2,615.3 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, cyber, 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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