XL Catlin enjoys huge profit jump

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.

Read more.