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Trading statements

Beazley gross written premiums down 2%

11 May 2017 07:38

Beazley's gross premiums written fell by 2% to $573m in the three months to the end of March.

Premium rates on renewal business decreased by 1% and the group reported a year to date investment return of 0.9%.

Chief executive Andrew Horton said: "In February we announced the acquisition of Creechurch Underwriters in Canada, expanding our specialty lines presence in that country.

"This forms part of our longer term strategy to develop our non-US specialty lines business, in parallel with our continuing growth in the US. "Our first quarter premium and investment income numbers represent a solid s tart to 2017."

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Related Company: BEZ

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