- Beazley maintained its momentum in the nine months to the end of September with premiums up by 2% at $1,666m while rates on renewal business decreased by 2%.

The group also reports a year to date investment return of 2.0%

Beazley said it sustained growth despite the continued competitive market environment, which has persisted throughout 2016.

Gross premiums written in speciality lines increased significantly compared to the equivalent period in the prior year, driven by the continued strong performance of our US business. Beazley said this growth in speciality lines has helped offset the more competitive market conditions experienced across our other underwriting divisions.

Chief executive Andrew Horton said: "We have maintained our momentum in the third quarter, driven principally by the strong performance of our specialty lines division, where premiums grew by 10% compared to the equivalent period last year. We continue to attract talented underwriters to Beazley in London, the US and continental Europe."

At 9:21am: [LON:BEZ] Beazley PLC share price was +2p at 381.7p

Story provided by