Premium rises boost Beazley

Marion Dakers
BEAZLEY shares jumped more than five per cent yesterday after the insurer posted a bigger-than-expected increase in premiums.

The firm said premiums were up five per cent overall, with some speciality lines such as political risk surging even higher.

Beazley said it had “moderate exposure” to the recent storms in Europe and that it is on course for a combined ratio in the mid-eighties – which Numis analysts said would be its best performance in a decade.