Presentation to Analysts

Beazley Group PLC
05 July 2004

5 July 2004

News Release

                          PRESENTATION TO ANALYSTS

Beazley Group plc ('Beazley') will be hosting a presentation for analysts at its
head-office this evening. Members of Beazley's management team will provide an 
overview of the Group's strategy, including an explanation of how its business 
mix enables Beazley to respond best to all market conditions.

Most of the material to be presented will be drawn from information that has 
already been announced publicly by Beazley. In addition, the Group will provide 
analysts with its latest outlook for the rating environment in 2004 and an 
update on new hires to its teams.

Rating Environment

Beazley believes that generally rates and conditions remain favourable across 
most of its business lines. In its Specialty Lines, Marine and Re-insurance 
businesses, rates are stabilising at already high levels. The Property rating 
environment is better than expected although the recently high rates for large 
property risks are beginning to reduce. The group's estimated rate changes for 
its divisions in 2004 to date are:

Specialty Lines:                   +7%
Property:                          -2%
Marine:                            +1%
Reinsurance:                       -4%

Recent Appointments

Beazley has recently appointed W. Kingsley Flynn as Property business leader, to 
be based in Jacksonville, Florida USA. Mr Flynn will be responsible for developing 
specific products for Beazley's small- to middle-market property account in the US, 
complementing the group's existing book and generating new business opportunities 
in a growing market. The Group has also added an engineering team to its staff, 
aimed at developing business in a highly specialised market.

Copies of the presentation given will be available tomorrow from the investor
relations section of www.beazley.com.


                                     -ENDS-


For further information contact:
Nick Furlonge                            Beazley         020 7667 0623
Melanie Gerlis/Nicola Hobday             Finsbury        020 7251 3801


Notes to editors:

Background to Beazley PLC

Since its formation in 1986, Beazley has been consistently profitable. Beazley
syndicate 2623/623 at Lloyd's focuses on specialist risk business in selected
marine and non-marine markets, including commercial property, retail and
personal lines, reinsurance, marine and speciality products. Beazley floated on
the London Stock Market in 2003 to raise £150 million to fund an expansion in
the business. The underwriting capacity for 2004 is £397m for syndicate 2623 and
£344m for syndicate 623. Beazley maintains an A rating for both syndicates.



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