Oil spill costs Catlin $40m
Catlin has estimated its exposure to the Deepwater Horizon oil disaster is approximately $40m (£27m) net of reinsurance and reinstatements.
Catlin reported gross premiums written increased 9% to $1.3bn in the first quarter compared to a year earlier.
Using constant exchange rates, gross premiums written rose by 5%. GWP at its London hub
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