Catlin takes $75m subprime write down
Specialist (re)insurer Catlin has revealed that it expects to take a total charge during 2007 of US$75m against the value of its sub-prime related investments.
Catlin said it had sold some subprime-related securities at close to book value and now holds subprime-related securities with a book value of US$85m (prior to the charge), 85 per cent of which are
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