Catlin Group Limited, the international specialty property/casualty insurer and reinsurer, has today issued its interim management statement.
Highlights at 30 September 2010
– 13 per cent increase in net premiums earned
– 29 per cent increase in gross premiums written by non-London underwriting hubs; 2 per cent decrease in gross premiums written by London hub
– 43 per cent of total gross premiums written by non-London underwriting hubs
– 0.5 per cent decrease in average weighted premium rates across Group’s underwriting portfolio demonstrates underwriting discipline in competitive marketplace
– Generally benign loss activity during third quarter
– Estimate of Chilean earthquake, Deepwater Horizon losses unchanged
– 2.9 per cent year-to-date total investment return
– Investment portfolio remains liquid and defensively positioned
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