Directorate Change

RNS Number : 9143D

Beazley PLC

10 December 2009

 

Beazley plc 

Directors Interests

Dublin, 10th December 2009

Beazley plc Directorate Change

Beazley plc announces that Dudley Fishburn, who has been a Beazley plc non-executive director and chairman of the Remuneration Committee since November 2002, will retire from the Board on 31 December 2009.  He will be succeeded as chairman of the Remuneration Committee by Andy Pomfret who was first appointed as a non-executive director in November 2002. Andy Pomfret will be succeeded as Chairman of the Audit Committee by Gordon Hamilton who was first appointed as a non-executive director in September 2006.

George Blunden has been appointed as a non-executive director with effect from 1 January 2010. He will be subject to election by shareholders at the Company's Annual General Meeting in 2010.

George Blunden has been a non-executive director of the managing agency, Beazley Furlonge Ltd, since 1993. On 31 December 2009, George Blunden will be retiring as senior vice president and director of AllianceBernstein Ltd which provides investment management services to the UK pension fund market.  

Beazley Chairman Jonathan Agnew said: 

"I am delighted to welcome George Blunden to the Board of Beazley plc. George brings a depth of experience of investment management in the insurance market and long experience of the Beazley business."

 "I should like to thank Dudley Fishburn on behalf of the Board for his significant contribution to the Group over the past seven years since Beazley's IPO, both as a director and as chairman of the Remuneration Committee. 

Director Declaration:
Beazley plc has been notified that there are no details to be disclosed pursuant to Rule 9.6.13 of the Listing Rules in respect of Mr Blunden.

For further information, please contact:

Beazley plc
Sian Coope
0044 (0)20 7667 0623

Beazley plc (BEZ.L), is the parent company of global, specialist insurance businesses with operations in the UK, US, France, Germany, Ireland, Singapore, Hong Kong and Australia.  Beazley manages four Lloyd's syndicates: Syndicate 2623 and Syndicate 623 underwrite a broad range of insurance and reinsurance business worldwide; Syndicate 3623 focuses on accident and health business; and 3622 is a dedicated life syndicate. In 2008, Beazley underwrote gross premiums of £875.7 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, 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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