Beazley to raise £150m after acquisition
Lloyd's insurer Beazley this morning announced a US acquisition and £150m capital raising to support growth as it unveiled a profit before tax of £87.2m (2007: £138.5m).
The company saw gross written premiums up 12% to £875.7m; net written premiums up 14% to £740.4m; and business written through its US operations up 54% to US$269.1m (2007: US$175.2m).
Beazley recorded
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