Rise in Beazley's U.S. admitted capital

LONDON—Beazley Group P.L.C. has increased the capital of its U.S. admitted insurance company by $45 million to about $105 million.

London-based Beazley said the additional capital will be used to support the growth of Beazley's admitted specialty professional and management liability, and commercial property business.

The U.S. admitted carrier, Beazley Insurance Co. Inc., began underwriting in 2005.