Catlin bolstered by international business as London premiums drop 8%
Catlin this morning issued an interim management statement following the company’s annual general meeting, which revealed gross premiums written remained flat as of 31 March 2008 at $1.2bn (March 2007: $1.2bn). Net premiums written increased to $0.8bn (March 2007: $0.7bn).
Catlin said the increased in NPW reflected "the reinsurance synergies achieved following the acquisition of Wellington Underwriting".
It added gross premiums written in London were approximately 8%
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