Key facts
|
Gross premiums underwritten in 2009
|
£1,115.5 m |
|
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 670 staff (as at December
2009) worldwide
- In 2009 Beazley made a pre-tax profit of £100.7m (this was
£147.3m excluding foreign exchange adjustments on non-monetary
items).
- 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 2009, wrote gross premiums of $370.7 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
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(Data is based on our 2009 Lloyd's business plan).