Catlin sees rates hardening across lines in Q1
Catlin's chief executive believes the market is heading the right direction with rate increases across the board as the insurer reported a 12% hike in GWP.
Although the insurer did not reveal profit levels for the period, it did reveal that it had managed to push through rate increases on many lines, particularly catastrophe-exposed business.
Overall, Catlin secured $1.465bn in premiums, $761m of that coming from the UK arm of the business.
Stephen Catlin, chief executive of Catlin Group, said: "Catlin performed well during the first quarter of 2012, thanks to continued growth in gross premiums written and the absence of catastrophe losses.
"Nearly
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