Catlin GWP grows 11% as Sandy-hit New York office remains closed

Catlin chief executive Stephen Catlin

Catlin reported an 11% increase in gross written premium to $4.08bn in the nine months to 30 September 2012 compared with the same period in 2011 (9m 2011: $3.68bn).

The result reflects a change in accounting methods that recognises premiums for quota share reinsurance treaties underwritten by the group's US underwriting hub.

The change resulted in a $101m

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