Beazley announces Executive c
Beazley Group plc announces executive changes
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Andrew Beazley appointed Deputy Chairman
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Andrew Horton appointed Chief Executive
Beazley Group plc ('Beazley') today announces that Andrew Beazley has been appointed Deputy Chairman of Beazley Group plc and that the Board has appointed existing Group Finance Director Andrew Horton to succeed Andrew Beazley as Chief Executive. These changes will take effect from 1 September 2008.
The Board has initiated the process to select a new Group Finance Director. An announcement on this appointment will be made in due course.
We regret to announce that Johnny Rowell, Executive Director of Beazley Group plc, will be leaving the company.
Andrew Beazley said:
'I have every confidence in Andrew Horton as my successor and believe he is the best person to lead the company going forward. Andrew is exceptionally well placed to undertake the role, having extensive financial services experience and having been actively involved in the successful management of the business since joining the Group as Finance Director in 2003.'
'I look forward to working with Andrew Horton and the rest of the management team in my new role as Deputy Chairman.'
Andrew Horton said:
'I am excited by the challenges ahead as we look to build on Beazley's success and continue to grow and develop the business in new markets.'
Nicholas Furlonge said:
'As co-founder of Beazley Furlonge, I look forward to working alongside Andrew Beazley and Andrew Horton to ensure a seamless transition. Andrew Beazley and I are very excited about this next step in the evolution of the business that we founded over 20 years ago.'
ENDS
For further information, please contact:
Beazley Group plc
Jane Roberts
+44 (0)20 7674 7558
Finsbury
Simon Moyse / Amanda Lee
T: +44 (0)20 7251 3801
Note to editors:
Beazley Group, plc (BEZ.L), based in London, is the parent company of global, specialist insurance businesses with operations in the UK, US, France, Singapore and Hong Kong. Beazley manages two Lloyd's syndicates (Syndicate 2623 and Syndicate 623) with aggregate underwriting capacity in 2008 of £814m (US$1.6bn). Both syndicates are rated A by A.M. Best. In the US, Beazley's underwriters focus on writing specialist insurance products in the admitted market, backed by Beazley Insurance Company, Inc., an admitted carrier in all 50 states; and surplus lines risks, backed by the Beazley syndicates at Lloyd's. Beazley Insurance Company, Inc. is rated A by A.M. Best.
Beazley is a market leader in many of its chosen lines, which include professional indemnity, commercial property, marine, reinsurance, and personal lines.
For more information please go to: www.beazley.com
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