London-based insurer Beazley Group, plc, reported its U.S. business grew 150 percent in the first three months of this year and it foresees minimal professional liability exposure resulting from fallout from the subprime mortgage default crisis.
Beazley reported its U.S. gross written premium underwriting business increased $42.8 million to $71.4 million on a comparative basis. Overall, the company reported a 2 percent decrease of ?4 million ($7.9 million) to ?201 million ($398 million) in gross written premium.
The company said it is targeting $250 million of premium from its U.S. operations for the whole of 2008, compared to $175 million in 2007.
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
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.