(Reuters) – Insurer and reinsurer Beazley Plc reported a 25% jump in full-year profit and said it expects premiums written to grow in the mid-single digits in 2014.

Beazley also announced a special dividend of 16.1 pence per share in addition to a 5.9 pence interim dividend.

“Over 50% of our business is in the United States, and with the U.S. economy continuing to do relatively well … we hope to be able to grow on the back of that,” Chief Executive Andrew Horton told Reuters.

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

© 2024 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.