Profits rocket at Catlin

dollar-grass

Gross written premiums (GWP) amounted to $4.97bn, compared with $4.51bn the year before.

The company’s London/UK hub contributed $2.53bn to the total GWP, up by 8% from the $2.34bn reported in 2011.

The group stated that the largest driver of this increase - "the first meaningful increase since 2007" - was continued traction in its UK motor account, particularly through its Insure the Box telematics product.

Catlin further highlighted that the UK operation benefited from pricing corrections in

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