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BRIEF-Catlin Q1 gross premiums written rise 9 pct
May 14, 2014 / 6:39 AM / 3 years ago

BRIEF-Catlin Q1 gross premiums written rise 9 pct

May 14 (Reuters) - Catlin Group Ltd :

* 59 per cent of total gross premiums written by non-london/uk underwriting hubs

* For the period ended 31 March 2014, 2 per cent decrease in average weighted premium rates across underwriting portfolio

* 0.9 per cent year-to-date total investment return

* There was one large single-risk loss: disappearance of Malaysian Airlines flight MH370

* 9 per cent increase in gross premiums written for the period ended March 31

* Catlin has made a good start to 2014 underwriting year

* For the period ended 31 march 2014 9 per cent increase in net premiums earned

* Gross premiums written increased during period ended 31 march 2014 by 9.3 per cent (8.5 per cent at constant exchange rates) to $2.01 billion

* No catastrophe losses incurred during Q1 Source text for Eikon: Further company coverage:

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