Beazley Grows Political Risks Team

London, January 22 2008

Beazley Group plc has expanded its political risks team, appointing Crispin Hodges to spearhead the growth of its business in Singapore.

Mr Hodges joins Beazley Pte Ltd, the group’s Singapore-based subsidiary, having run the political and credit risks division of Lloyd’s broker Glencairn Ltd.  He will report to Adrian Lewers, head of the Political Risk and Contingency group at Beazley in London.

“Singapore is an important crossroads in some of the fastest growing economies in the world,” said Mr Lewers.  “We are delighted that Crispin will be helping us take advantage of these opportunities.”

All risks accepted by Beazley in Singapore are underwritten for the account of the Beazley syndicates at Lloyd’s.  Both syndicates have an A.M. Best rating of A (Excellent).  Since 1st November 2006, the company’s property group has had a dedicated team of underwriters based in Singapore writing engineering business in the region.

Beazley’s Political Risk and Contingency group is a leading insurer of political risks and contingency risks (principally event cancellation) in the London market.  The team also underwrites a growing political violence account, including terrorism.

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