Beazley chairman to step down

Lloyd’s insurer Beazley’s chairman Jonathan Agnew said yesterday he would not seek re-election at its 2012 annual general meeting. Agnew, a former Kleinwort Benson chief executive and chairman of Nationwide Building Society, has chaired Beazley since 2003 and joined its board in 2002. He has just overseen a 60 per cent rise in the firm’s pre-tax profit in 2010. Beazley said it has begun the search for a new non-executive director to become the next chairman.