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Catlin sees 2014 profits jump 13% to £320m

Catlin chief executive Stephen Catlin

Catlin has reported a 13% increase in profit before tax to $488m (£320m) for the year ended 31 December 2014 (2013: $432m).

The insurer, whose acquisition by XL Group for £2.79bn was confirmed in January, recorded a reduced net underwriting contribution of $991m for 2014 against its 2013 result of $1bn.

Catlin's combined

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