Beazley plc

London, 31 May 2022

Directorate changes

Beazley plc (the Company) announces that the board has appointed Fiona Muldoon and Cecilia Reyes as independent non-executive directors with effect from 31 May 2022. Fiona will become a member of the Audit & Risk committee and Cecilia will become a member of the Audit & Risk committee and the Remuneration committee upon appointment.

Fiona has over 25 years of strong leadership experience in the insurance industry in London, Dublin and Bermuda with a background in international property & casualty insurance gained through a long career at XL, as well as more recent experience as a public company CEO with FBD Holdings, a listed general insurer in Ireland. Fiona was also Director of Credit Institutions and Insurance Supervision at the Central Bank of Ireland for three years. Fiona is currently serving as an independent non-executive director at Bank of Ireland Group where she is also Chair of the Responsible & Sustainable Business committee and a member of the Audit, Remuneration and Nomination & Governance Committees. In addition to her role on the Group Board, Fiona is an independent non-executive director and Chair of the Audit Committee of New Ireland Assurance Company plc, a wholly owned Life insurance subsidiary of Bank of Ireland Group. 

Cecilia has broad insurance experience with deep expertise in investment management and risk having served for over 25 years in banking and insurance covering Europe, Asia Pacific and the Americas. Cecilia has extensive leadership experience including eight years on the group executive committee at Zurich Insurance Group where she held roles of both Chief Investment Officer and Chief Risk Officer at different times during her tenure. Cecilia is currently serving as a non-executive director of abrdn plc where she is also a member of the Risk & Capital and Remuneration committees. Cecilia is also a member of the Supervisory Board of NN Group NV where she is Chair of the Risk committee and a member of the Remuneration committee.

Beazley's Chair David Roberts said: "I am delighted to welcome Fiona and Cecilia to the board of Beazley plc. Both appointments are an excellent fit for the board and will further strengthen the board, bringing significant additional expertise to help us meet our strategic ambitions."

Beazley plc has been notified that there are no further details to be disclosed pursuant to Rule 9.6.13 of the Listing Rules in respect of Fiona Muldoon or Cecilia Reyes.

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 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