Catlin in profit despite £1bn cat claims
Catlin's pre-tax profit was cut by more than 80% to $71m (2010:$406m) on the back of nearly £1bn of natural catastrophe losses last year.
The Lloyd's insurer said it suffered $961m in gross losses from natural catastrophes and $678m in net losses. Its catastrophe aggregate protection responded during the second half of 2011.
GWP rose 11
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