BEZ Baldor Electric CO.

Specialist insurer Beazley (BEZ.L) announces the appointment of Matt Weindel to the company's private enterprise team, which focuses on the professional liability needs of small businesses. Mr. Weindel, a new territory manager based in the company's San Francisco office, is responsible for building broker relationships in the Western region of the United States. This brings the number of territory managers to five, all of whom are responsible for uncovering new business opportunities by strengthening partnerships with the company's key brokers. Mr. Weindel comes to Beazley after working for the NSM Insurance Group in Walnut Creek, CA as a branch manager. Before that, he was an underwriter and product leader for USLI for six years in the company's non-profit products group. "Our goal has been to identify highly experienced individuals to serve as territory managers in key cities across the country," James Eaton, global head of Beazley's private enterprise team. "Matt Weindel is very much in the mold of high caliber individuals that we have been looking to recruit.  I am confident he will help us provide a high level of broker service in the western region of the US." The private enterprise team comprises underwriters, claims professionals, and territory managers focusing on the needs of small businesses with assets of up to $35 million and up to 500 employees.

CONTACT: Jamie Orye
         Focus group leader for Beazley's US Private Enterprise team 
         jamie.orye@beazley.com
         215 446 8450