Beazley Unveils Management Liability Package Policy

FARMINGTON, Conn., June 26 /PRNewswire-FirstCall/ -- Beazley Group plc (BEZ.L), a leading insurer of management liability risks, announces the availability of its new management liability package policy, BeazleyOne. This new policy combines employment practices, directors and officers and fiduciary liability coverage.

The package policy offers insureds a streamlined application and renewal process while maintaining flexibility. Insureds can purchase separate limits or combine limits for some or all of the coverages. Insureds also receive, at no additional cost, access to BeazleySource, an online risk management resource that offers loss prevention materials on all three coverages.

The BeazleyOne policy has enhanced coverage features including the ability to settle claims within the retention and nonrescindable coverage for nonindemnifiable claims against insured persons. Product features include:

-- Beazley's new privacy extension to its Employment Practices Liability offering covers claims arising out of security breaches with respect to employees' information. The employment event extension provides employers with funds to hire professionals to help employees cope with certain major workplace events.

-- Directors and officers coverage offers a separate limit for insured persons as well as coverage for derivative demands and outside director coverage for those serving on non-profit boards.

-- Fiduciary covers claims arising from voluntary compliance programs sponsored by both the Internal Revenue Service and the Department of Labor.

"The BeazleyOne management liability package policy is a state of the art policy that allows insureds to customize coverage. The combination of the innovative coverage features along with BeazleySource's comprehensive risk management make this policy a true market leader," said Carrie Brodzinski, BeazleyOne product manager.

Note to editors:

Beazley Group plc (BEZ.L), based in London, is the parent company of global, specialist insurance businesses with operations in the UK, US, France, Singapore and Hong Kong. Beazley manages two Lloyd's syndicates (Syndicate 2623 and Syndicate 623) with aggregate underwriting capacity in 2008 of 814m pounds sterling (US$1.6bn). Both syndicates are rated A by A.M. Best. In the US, Beazley's underwriters focus on writing specialist insurance products in the admitted market, backed by Beazley Insurance Company, Inc., an admitted carrier in all 50 states; and surplus lines risks, backed by the Beazley syndicates at Lloyd's. Beazley Insurance Company, Inc. is rated A by A.M. Best.

Beazley is a market leader in many of its chosen lines, which include professional indemnity, commercial property, marine, reinsurance, and personal lines.

For more information please go to: www.beazley.com

SOURCE Beazley Group plc