Natural catastrophe losses hit XL Catlin's Q2 profits
XL Catlin suffered $240.1m (£182m) of natural catastrophe losses in the second quarter of 2016 compared with $59.9m in the same period last year.
As a result of the natural catastrophes, the insurer's P&C combined operating ratio declined from 89.9% in Q2 2015 to 96% in Q2 2016. The losses, in addition to $52.1m of integration costs, led to XL
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