Beazley profit raises insurance rates and enhances outlook



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(Reuters) – British insurance company Beazley Plc <BEZG.L> announced Tuesday that its first half results had almost tripled compared to last year, as it was writing more policies on higher rates and now forecasting double-digit premium growth for the year.

The company, an insurer at Lloyd's of London, reported pre-tax earnings of $ 166.4 million (£ 133.6 million) for the six months ended June 30, compared to $ 57.5 million dollars a year ago.

(Report of Pushkala Aripaka and Muvija M in Bengaluru, edited by Shounak Dasgupta)

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