Beazley at Lloyd's
Beazley Furlonge Ltd, the Lloyd's managing
agency, was established in 1986 to underwrite specialist insurance
products through Syndicate 623. After listing on the London Stock
Exchange in 2002 and raising £150m, Beazley established Syndicate
2623 to underwrite in parallel with 623. Within these two
syndicates all business is split 2623 (81%) and 623 (19%).
Syndicate 623 is supported by traditional Lloyd's capital. In 2009,
Beazley underwrote gross premiums of £1,115.5 million.
In November 2008, Beazley established two new
Lloyd’s syndicates. Syndicate 3623 focuses on Personal
Accident and also insures Sports business through its leadership of
consortium 9476. Syndicate 3622 is a dedicated Life
syndicate. In 2009, Beazley launched Syndicate 6107, a
sidecar syndicate writing reinsurance business.
All Lloyd’s Syndicates are rated A
(Excellent)by A.M. Best and also benefit from the
Lloyd's chain of security.
Through our Lloyd's syndicates and service companies, we are
licensed to trade surplus lines insurance and reinsurance in the US
and in over 65 territories worldwide.