May 9, 2019 / 6:19 AM / 2 months ago

Beazley gets boost from higher interest rates in first quarter

May 9 (Reuters) - Lloyds Of London insurer Beazley Plc on Thursday reported a 16 percent jump in gross written premiums in the first quarter as it benefited from higher interest rates that made up for an uptick in claims in some divisions.

The company, which provides casualty and property, cyber and political risk insurance, said gross written premiums rose to $731 million for the three months ended March 31, from $631 million a year earlier. (Reporting by Pushkala Aripaka and Noor Zainab Hussain in Bengaluru; editing by Gopakumar Warrier)

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