Catlin reports reduced profits due to cat losses
Bermuda-based speciality reinsurer Catlin Group reported $71m profit before tax for 2011, down from $406m for the 2010 year.
The firm's profit for the 2011 year was affected by $961m (€723m) gross losses from natural catastrophes. Net losses totalled $678m.
Catastrophe aggregate protection responded as anticipated to
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