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Key facts

Gross premiums underwritten in 2011 $1,712.5m
Syndicates 2623/623 A.M. Best Rating A (Excellent)
Syndicates 3622 & 3623 A.M. Best Rating A (Excellent)
Beazley Insurance Company, Inc. A.M. Best rating A (Excellent)
Lloyd's Standard & Poor's rating A+ (Strong)
  • Beazley was founded in 1986 by Andrew Beazley and Nicholas Furlonge
  • Beazley has consistently returned a profit in every closed year of account since inception in 1986
  • Beazley (BEZ.L) is a publicly quoted company on the London Stock Exchange having initially floated in November 2002
  • Beazley employs around 720 staff (as at December 2010) worldwide
  • In 2010 Beazley made a pre-tax profit of $62.7m
  • Beazley's managed syndicates are among the leading syndicates at Lloyd's and are backed - like all syndicates - by the Lloyd's chain of security. Lloyd's is rated A+ (strong) by Standard & Poor's and A (Excellent) by A.M. Best
  • Beazley began underwriting business locally in the United States in 2005 and, in 2010, wrote gross premiums of $393.6 m through its US operations
  • Syndicate 3623 was established in 2008 to underwrite personal accident business and insure sports business through its leadership of consortium 9476
  • Syndicate 3622 is a dedicated life assurance syndicate, and has been underwriting business from 2009
  • Beazley Re was established in 2009 to underwrite reinsurance business from Dublin
  • Syndicate 6107 was established in 2010 to write reinsurance business backed by names' capital

 

Beazley 2011 business distribution

 

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