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Catlin profits fall $154m in 2010 H1 results

Catlin chief executive Stephen Catlin

Catlin Group has posted a pre-tax profit of $86m in its half year results, (H1 2009: $240m), as the insurer recorded a combined operating ratio of 97%.

The insurer attributed the results to catastrophe losses from the Chilean earthquake in March, alongside losses suffered from the Deepwater Horizon oil rig.

Declining investment returns were also

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