HAMILTON, Bermuda - Catlin Group Limited ('CGL'; London Stock Exchange), the international specialty property/casualty insurer and reinsurer, has today issued its interim management statement for the period ended 31 March 2012.
Highlights at 31 March 2012
- 12 per cent increase in gross premiums written
- 54 per cent of total gross premiums written by non-London/UK underwriting hubs
- Average weighted premium rates for catastrophe exposed business increased by 10 per cent; average weighted premium rates across entire portfolio increased by 4 per cent
- No catastrophe losses incurred during first quarter
- 0.6 per cent year-to-date total investment return
- Investment portfolio remains liquid and defensively positioned
