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XL Catlin sees profits fall $1.4bn from nat cats

Mike McGavick

XL Catlin has seen profits fall by $1.4bn (£985,000) from a profit of $570m in 2016, to a loss of $862m last year.

Total combined ratio for total P&C  increased to 108.3% during the year to December 31 2017, compared to 94.2% during 2016.

Mike McGavick, CEO of XL Catlin, pictured, said: “XL’s fourth quarter and

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