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International

XL Catlin enjoys huge profit jump

April 28, 2017 Reprints

XL Catlin's profit skyrocketed to nearly $153 million in the first quarter, from almost $13 million in the first quarter of 2016, The Royal Gazette reported. Gross written premiums in the property/casualty segment grew 6% year over year to more than $4.5 million. Property/casualty net premiums totaled $2.5 billion, with insurance segment making up $1.6 billion and $900 million coming from the reinsurance segment.

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XL Catlin enjoys huge profit jump

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