Catlin Interim Management Statement
Catlin Limited has released an interim management statement for the period to 31 March 2013. This emphasises some of the points made by Hiscox and Beazley in their IMSs earlier this week. Catlin reports premium growth of 12% (Hiscox 12%, Beazley 11%) and rate increases on renewal business averaging 3% (Hiscox said rates for many lines are “stable or improving gently”, Beazley quoted an average increase of 2%). 58% of Catlin's gross premium now emanates outside the London hub.
The full report can be found here