Issue of Debt

RNS Number : 8699L

Beazley PLC

10 September 2019

 

Beazley plc

London, 10 September 2019

Subordinated Debt

Further to its announcement on 27 August 2019 of a roadshow in relation to a proposed offering of Subordinated Tier 2 Notes by its subsidiary, Beazley Insurance dac, Beazley plc confirms that Beazley Insurance dac has today issued US$300,000,000 5.500% Subordinated Tier 2 Notes due 2029.

For further information on the Proposed Offering please contact:

Sally Lake ([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's European insurance company, Beazley Insurance dac, is regulated by the Central Bank of Ireland and is A rated by A.M. Best and A+ by Fitch.

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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