Beazley plc
Completion of Share
Repurchase Programme
30 September
2024
Beazley plc ('Beazley' or the
'Company') announces that it has completed the share repurchase
programme (the 'Programme'), announced on 8 March 2024 to
purchase up to a maximum aggregate amount of $325 million (or
approximately £255 million) of the Company's ordinary
shares.
Deutsche Numis, who undertook the
Programme on Beazley's behalf, repurchased 37,263,583 ordinary
shares for an aggregate consideration of c.$325 million (c.£255
million), excluding stamp duty and expenses.
As a result, Beazley has returned
c.$325 million (c.£255 million) to its shareholders through
the completion of the Programme.
For further information please
contact:
Beazley plc
Christine Oldridge
+44 (0)20 7674 7758
Note to editors:
Beazley plc (BEZ.L), is the parent
company of specialist insurance businesses with operations in
Europe, North America, Latin America, and Asia. Beazley manages six
Lloyd's syndicates and, in 2023, underwrote gross premiums
worldwide of $5,601.4million. All Lloyd's syndicates are rated A by
A.M. Best.
Beazley's underwriters in the United
States focus on writing a range of specialist insurance products.
In the admitted market, coverage is provided by Beazley Insurance
Company, Inc., an A.M. Best A rated carrier licensed in all 50
states and its subsidiary, Beazley America Insurance Company, Inc.
In the surplus lines market, coverage is provided by the Beazley
syndicates at Lloyd's, and from 1 January 2024, also from Beazley
Excess and Surplus Insurance, Inc.
Beazley's European insurance
company, Beazley Insurance dac, is regulated by the Central Bank of
Ireland and is A rated by A.M. Best and A+ by Fitch.
Beazley is a market leader in many
of its chosen lines, which include Professional Indemnity, Cyber
Liability, Property, Marine, Reinsurance, Accident and Life, and
Political Risks and Contingency business.
For more information please go
to: www.beazley.com
