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.

The 2008 capacity for the combined syndicates is £814m and all business is split 2623 (81%) and 623 (19%). Syndicate 623 is supported by traditional Lloyd's capital.

Both Syndicates have an A.M. Best rating of A (Excellent) and also benefit from the Lloyd's chain of security.

Beazley in the US was established in 2004, initially to underwrite surplus lines on behalf of Beazley Syndicates 2623/623 at Lloyd's, and is based in Farmington, CT. Beazley now writes a growing volume of business on an admitted basis in the United States for the account of our US admitted carrier, Beazley Insurance Company, Inc.