Catlin battered but unbowed by 2005
Bermudian (re)insurer Catlin has announced that profits from 2005 were sharply down on the back of substantial losses from the Atlantic hurricane season that carved a trail of devastation through the area.
The company announced that net income was down 87% from $154m to $19.6m. Net losses from the big trio of hurricanes that hit in 2005, Katrina, Rita and Wilma, came to $333.5m.
As a result of the
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