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Catlin (Bermudas) meldet Gewinnsprung

12.02.2014 – catlin-logo-150Die auf den Bermudas beheimatete Catlin Group meldet eine Steigerung des Jahresgewinns aus 2013 von 27 Prozent. Ursache sind gute Erneuerungsrunden und geringere Auszahlungen aus Naturkatastrophen und anderen Schadenereignissen, berichten amerikanische Medien.

Low catastrophe losses and increased competition in the reinsurance industry have put rates under pressure, analysts at Espirito Santo said last month, noting that property catastrophe rates fell 11 Percent in January renewals.

However, Catlin, the operator of the biggest syndicate in the Lloyd’s of London insurance market, said it was seeing good underwriting margins across the majority of its business.

The company’s profit before tax rose to $432 million in the year ended Dec. 31 from $339 million a year earlier. At least two analysts had expected $390 million.  (vwh)

Links: Strong Underwriting Performance Produces Record Net Underwriting Contribution Of US$1 Billion, Catlin Full-Year Profit Jumps on Lower Disaster Claims

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