Catlin's results reveal regional boost
Catlin Group has announced its financial results for the year ended 31 December 2009 which included a record profit before tax of $603m (£402m)(2008:$13m)
The company's combined ratio is 89% (2008: 95%). The report revealed a 12% increase in gross premiums written to $3.7bn on a constant currency basis and an 8% increase on a reported basis (2008: $3.4bn)
Catlin's results also showed its non-London underwriting hubs produced 37% of gross premiums written, 39% of total underwriting contribution. There was also a 35% increase in gross premiums written in January 2010 by non-London underwriting hubs (on constant currency basis).
Sir Graham Hearne
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