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Report: Beazley CEO eyes European licenses through Dublin-based reinsurance unit

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Report: Beazley CEO eyes European licenses through Dublin-based reinsurance unit

BeazleyPlc CEO Andrew Horton told Reuters on July 22 that the company willlook to get European licenses for its Dublin-based reinsurer and also create anEU-based insurance company as it looks to guard against the risks of Britain'spending departure from the bloc.

Beazley earlier in the year its headquarters to the U.K.from Ireland. Horton noted that an EU insurance license would "give ussome protection for growing in Europe" should there be issues with licenses.

Beazley said the same day that its board increased theinterim dividend for the first half to 3.5 pence per share from 3.3 pence pershare in the year-ago period. The dividend will be paid Aug. 26 toshareholders on the register Aug. 5.

Beazley reported profit after income tax attributable toequity shareholders of $128.8 million in the first half, down from $133.0million in the same period a year ago.