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