Beazley reports flat premiums
The specialist insurer says it has maintained stable premium levels, despite an overall 1% rate reduction.
Beazley's premiums remained stable for the first nine months of 2014 while premium rates on renewal business decreased by 1% according to its interim management statement.
The company's gross written premiums was $1,546bn (£967m) this year which was up slightly from $1,543bn in 2013.
The largest decrease in renewal premiums occurred in the insurer's reinsurance business where rates fell 10%, while its marine business rates dropped 6%.
Andrew Horton, Beazley's CEO, said the provider has seen
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