Beazley announces robust results for syndicate 623

London, March 8 2010

The board of Beazley Furlonge Limited, the group’s managing agency, are pleased to announce the following results on behalf of syndicate 623. Syndicate 623 writes business on behalf of third party capital at Lloyd’s.

The 2007 underwriting year has now been closed and has returned 14.5% on capacity. The 2008 year is maturing well, currently forecasting a return on capacity of 10%. 2009, which is still in the early stages of development, is currently forecasting a return of 12%.

Andrew Horton, Beazley’s chief executive officer, commented,

“We are delighted to report such solid results to our capital providers at Lloyd’s. The strength of these results reflects the skill of our underwriters in often tumultuous markets.”

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