London, 6 October 2016
Fitch Rates Beazley IFS 'A+'
Beazley announces that Fitch Ratings has assigned Beazley Re Designated Activity Company an Insurer Financial Strength Rating (IFS) of 'A+'. It has also assigned Beazley Re and ultimate parent and holding company of the group, Beazley plc, Issuer Default Ratings (IDR) of 'A'. All ratings carry a Stable Outlook. A copy of the Fitch press release can be found at https://www.fitchratings.com/site/pr/1012675.
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Note to editors:
Beazley plc (BEZ), is the parent company of specialist insurance businesses with operations in Europe, the US, Latin America, Asia, Middle East and Australia. Beazley manages six Lloyd's syndicates and, in 2015, underwrote gross premiums worldwide of $2,080.9 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 is a market leader in many of its chosen lines, which include professional indemnity, 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