REG - Beazley PLC - Chair succession and board changes

BeazleyAnnouncement

21/07/2022 13:15

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20220721:nRSU3382Ta&default-theme=true

RNS Number : 3382T  Beazley PLC  21 July 2022

Beazley plc

London, 21 July 2022 

 

Chair succession and board changes  

 

Beazley plc announces that its chair, David Roberts will be standing down from
the board in autumn 2022 to take up the role as chair of the Court of the Bank
of England. The Company will update the market with precise timing when this
is known. In the event that a new chair is not in post, Christine LaSala*, the
senior independent director will chair the board and the nomination committee
on an interim basis, Bob Stuchbery will act as interim senior independent
director, and Nicola Hodson will act as interim chair of the remuneration
committee whilst the search for a replacement board chair is undertaken. When
a chair is appointed, the directors will resume their usual responsibilities.

 

Christine LaSala commented, "I would like to thank David Roberts for the
important role he has played at Beazley over the past 5 years, most notably as
we faced the challenges of COVID-19 and the transformation of our executive
management team. In particular, the board would like to thank David for the
leadership he has shown in improving diversity and inclusion at Beazley. He
leaves us a stronger business with an exciting future. As a business focused
on risk management and insurance, we are committed to providing stability and
continuity to all our stakeholders. We are now embarking on a process of
selecting a successor and we will provide an update in due course."

 

 

For further information please contact: 

Beazley plc 

Christine Oldridge

 

+44 (0)20 7674 7758

 

 

*      Christine LaSala joined Beazley's board in 2016 and has been the
senior independent director since March 2019 and chair of the remuneration
committee since March 2021. In late 2021, she also joined the board of
Sedgwick as an independent director. She has 45 years of senior management,
client leadership and financial experience in the insurance industry including
work as an underwriter, and an insurance broker working with large corporate
and public institution clients. For 10 years she was president and CEO of the
WTC Captive Insurance Company. Latterly she was chair of Willis Towers Watson
North America.

 

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 seven Lloyd's syndicates and, in 2021, underwrote gross premiums
worldwide of $4,618.9 million. 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. In the surplus lines market, coverage is provided by the Beazley
syndicates at Lloyd's.

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 (http://www.beazley.com)

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  BOALFLFLLDLBBBV