Solvency II Internal Model Approval

RNS Number : 8746I

Beazley PLC

11 December 2015

 



Beazley plc

Dublin, 11 December 2015

Solvency II Internal Model Approval

Beazley plc is pleased to announce that it has received approval from the Central Bank of Ireland for the use of its internal model to calculate the Group Solvency Capital Requirement under the European Union's Solvency II Directive, which is scheduled to come into effect on 1 January, 2016.

For further information, please contact:

Beazley plc

Sian Coope

[phone]

Note to editors:

Beazley plc (BEZ.L), is the parent company of specialist insurance businesses with operations in Europe, the US, Latin America, Asia, the Middle East and Australia.  Beazley manages six Lloyd's syndicates and, in 2014, underwrote gross premiums worldwide of $2,021.8 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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