Catlin’s profits suffer from Wellington integration.
Catlin group’s net income dropped to by $25.2m (£12.4m) to $162m on an aggregated basis from last year’s first half.
The insurer’s combined ratio deteriorated to 92.2% from 88.7% and gross written premium grew by $444m to $2bn in the first half of 2007 on the prior reporting period.Losses and operating expenses for
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