Beazley's top line falls 2% in Q1

London-listed Beazley reported a 2 percent decline in gross written
premiums (GWP) to $573mn in the first quarter of 2017, as premium
rates on renewal business fell 1 percent.
Specialty lines, its largest division, reported 6 percent growth
to $277mn, but this was offset by declines in reinsurance, marine
and the newly reorganised political, accident and contingency
unit.
The biggest reduction was in the political, accident and
contingency division, which was formed in January after the carrier