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Premium income rises 11% at Catlin

BERMUDA-based re/insurer Catlin has reported gross premiums written (GPW) of $4.08bn for the first nine months of the year, up 11% from the $3.68bn recorded for the first nine months of 2011. The insurer said that the average weighted premium increase across its portfolio had been 5%. The investment return for the year to September 30 was 1.8%, down from 2.7% in the same period last year.

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