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REG - Beazley PLC - Completion of Share Repurchase Programme

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RNS Number : 3262G  Beazley PLC  30 September 2024

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 (http://www.beazley.com)

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