Catlin decreases rates on average 2%
Catlin has issued a trading statement following its AGM, declaring rate adequacy remains favourable across the classes of business underwritten by thegroup, with a weighted average premium rate decrease of 2 per cent to April 30 2005 compared with the previous year.
The Bermuda-based, London listed Lloyd's insurer added loss experience to date has been within projections.Net premiums earned and net income are developing in line with expectations. Given the rate
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