London-based insurer Beazley reported income before taxes grew 60 percent in 2007 primarily on the strength of strong underwriting.

For 2007, Beazley reported profit before tax grew by ?52 million ($103 million U.S. at the current exchange rate) rising to ?139 million ($276 million).

Gross written premiums rose by 5 percent, or ?35 million ($70 million) to ?781 million ($1.55 billion).

Recommended For You

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.