Key facts

 

2009 Premium Capacity £810m
Syndicate 2623 £624m
Syndicate 623 £146m
Syndicate 3623 £33m
Syndicate 3622 £7m*
Syndicate 2623/623 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
  • Most of the Beazley management team has worked together since 1993
  • Beazley has consistently returned a profit in every closed year of account since inception in 1986
  • Beazley Group is a publicly quoted company on the London Stock Exchange (BEZ) having floated in November 2002
  • Beazley employs around 580 staff (as at October 2008) worldwide
  • In 2007 Beazley made a pre-tax profit of £138.5m
  • 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 2007, wrote gross premiums of $175m 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, underwriting business from 2009 (subject to approval from Lloyd's)