Beazley PLC Completion of Share Repurchase Programme

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

 

[phone]

 

 

 

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

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