Specialist insurance company Beazley has reported profits in its marine business lines in the first six months of the year, with help from hardening rates in the sector.
The positive result comes shortly after Beazley recently withdrew from the UK marine sector to reallocate its capital more effectively.
Despite the move Beazley chief executive Andrew Horton said its marine division had made a “strong start” to the year with a 7% increase in revenue.
