BEZ Increases Debt Facility

Beazley Group PLC
24 November 2005



                                                             24th November, 2005


                  BEAZLEY INCREASES DEBT FACILITY TO FUND GROWTH


Beazley Group plc is pleased to announce that it has signed a £150 million
letter of credit and revolving credit facility.

The facility will provide further underwriting capital to fund growth of
Beazley's insurance activities at Lloyd's and Beazley Insurance Company Inc.,
its US admitted lines insurance carrier. The facility will replace an earlier
£70 million letter of credit and revolving credit facility dated 3rd September
2004.

The availability period will allow for letters of credit to be issued for the
2006 and 2007 years of account and the revolving credit facility has an
availability period of 3 years. Letter of credit commission and the loan margin
are 1.50% p.a.

Mandated Lead arranger, Bookrunner and Agent for the new facility is Lloyds TSB
Bank plc. The banks participating in the facility are Lloyds TSB Bank plc,
Calyon, Commerzbank AG, London Branch, Bank of America N.A. and HSH Nordbank AG,
London Branch.

Andrew Horton, Finance Director for Beazley commented on the transaction:

'The new credit facility will further enhance the Group's financial strength and
will be used to support growth, both in the UK and the US markets.'

                                    --ENDS--


For further details please contact:

Beazley Group Plc
Andrew Horton, Finance Director
Tel. [phone]

Lloyds TSB Bank plc
Stephen Thomas, Director Syndications
Tel: [phone]




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