Beazley plc - Interim Management Statement
Beazley plc has released an interim management statement for the period to 31 March 2013. The highlights are as follows
· Premium rates on renewal business increased by 2%
· Premiums increased by 11% to $518m (2012: $465m)
· Annualised investment yield of 2.6%
Beazley has also confirmed that there has been no movement in the expected total loss to the group arising out of Hurricane Sandy, which was put at $90 million in December 2012, and was based upon a market loss of around $20 billion.
The full statement can be found here