Beazley Group plc Announces Executive Changes

London, June 12 2008

• Andrew Beazley appointed Deputy Chairman
• 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.”

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