London market presence set to contract as Beazley targets US
Beazley is expecting continued growth in the US alongside a London market reduction after its US operation aided a 61% increase in group-wide profit before tax of $132.9m (£77.8m) in the opening six months of the year.
In the six months ended 30 June 2014 the specialist insurer chalked up a 1% increase in gross written premium of $1.08bn (HY 2013: $1.07bn), with a 17% rise in net written premium of $889m attributed
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