Catlin trading statement

graeme at 4:08 p.m. Thu 05 Nov 2009

Non-life insurer and reinsurer Catlin’s trading statement release today was mildly encouraging.

Gross premium written rose 10%, rising at CER in all businesses apart from property (flat) and “specialty/war and political Risk” (down 6%)”. Net premium written was up 24%, and net premium earned up 11% (both also at CER).

A return on investment of 5.2% is a reasonable return on a predominantly fixed income portfolio, but was held back by the high proportion of funds held in cash and short term investments.

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