Completion of acquisition

Beazley Group PLC
23 March 2005


Beazley announces the completion of its acquisition of US insurer


DATE - Beazley today announces the completion of its $21 million acquisition of
Omaha Property and Casualty Insurance Company, a US admitted lines insurer, from
Mutual of Omaha Insurance Company.



Contact:


Finsbury                      020 7251 3801

Melanie Gerlis

Nicola Hobday





ENDS






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