Beazley PLC Issue of Debt (8699L)
September 10 2019 - 10:37AM
UK Regulatory
TIDMBEZ
RNS Number : 8699L
Beazley PLC
10 September 2019
Beazley plc
London, 10 September 2019
Subordinated Debt
Further to its announcement on 27 August 2019 of a roadshow in
relation to a proposed offering of Subordinated Tier 2 Notes by its
subsidiary, Beazley Insurance dac, Beazley plc confirms that
Beazley Insurance dac has today issued US$300,000,000 5.500%
Subordinated Tier 2 Notes due 2029.
For further information on the Proposed Offering please
contact:
Sally Lake (+44) 207 674 7375
Note to editors:
Beazley plc (BEZ.L) is the parent company of specialist
insurance businesses with operations in Europe, United States,
Canada, Latin America and Asia. Beazley manages seven Lloyd's
syndicates and, in 2018, underwrote gross premiums worldwide of
$2,615.3 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, property, marine,
reinsurance, accident and life, and political risks and contingency
business.
For more information please go to: 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 or visit www.rns.com.
END
IODLLFVSAEIILIA
(END) Dow Jones Newswires
September 10, 2019 10:37 ET (14:37 GMT)
Beazley (LSE:BEZ)
Historical Stock Chart
From Apr 2024 to May 2024
Beazley (LSE:BEZ)
Historical Stock Chart
From May 2023 to May 2024