Capital position

 

Group structure

The group operates across both Lloyd’s and the US through a variety of legal entities and structures. The main entities within the legal entity structure are as follows:

  • Beazley plc – group holding company and investment vehicle; quoted on the London stock exchange;
  • Beazley Underwriting Limited – corporate member at Lloyd’s supplying capital to write business through syndicates 2623, 3622, and 3623;
  • Beazley Furlonge Limited – managing agency for the group's five syndicates (623, 2623, 3622, 3623 and 6107);
  • Beazley Re Limited – Reinsurance company that accepts reinsurance premium ceded by the corporate member, Beazley Underwriting Limited;
  • Syndicate 2623 – corporate body regulated by Lloyd’s through which the group underwrites its general insurance business excluding accident and life. Business is written in parallel with syndicate 623;
  • Syndicate 623 – corporate body regulated by Lloyd’s which has its capital supplied by third party Names;
  • Syndicate 6107 – special purpose syndicate writing reinsurance business on behalf of third party Names;
  • Syndicates 3622 – corporate body regulated by Lloyd’s through which the group underwrites its life insurance business;
  • Syndicates 3623 – corporate body regulated by Lloyd’s through which the group underwrites its personal accident and BICI reinsurance business;
  • Beazley Insurance Company, Inc (BICI) – Insurance company regulated in the US. Licensed to write insurance business in all 50 states; and
  • Beazley USA Services Inc (BUSA) – managing general agent based in Farmington, Connecticut. Underwrites business on behalf of Beazley syndicates and BICI.