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Beazley Sees U.S. Business Grow, Little Subprime P&L Exposure

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 fallo

By Staff Writer | Updated on April 21, 2008

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.

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