XL Catlin's CEO McGavick reflects on 'challenging year'
Bermuda-based global insurance giant XL Catlin saw operating profits fall from $706m (£557m) in 2015 to $461m last year as the firm paid out significantly more for nat cat losses.
The full year P&C COR was 94.2% compared with 92% in 2015 as nat cat losses climbed to $636.3m up from $213.2m in 2015 (the results include Catlin from 1 May 2015). XL Catlin was impacted in both
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