Beazley Group acquires MUM

Beazley Group has acquired Momentum Underwriting Management (MUM). With a plan to underwrite around £54m of GWP for 2009, Beazley said the acquisition was consistent with its strategy to diversify its portfolio of specialist business into niche international markets. While MUM will continue as an agency, Beazley's share of the business will be underwritten by two new Lloyd's syndicates.

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