LONDON Aug 8 Bermuda-based Catlin Group
said first-half profit more than doubled as the insurer and
reinsurer got a boost from better investment returns and more
resilient pricing environments in the United States, Europe and
Catlin, the operator of the biggest syndicate in the Lloyd's
of London insurance market, said net premiums earned increased
by 6.5 percent to $2.04 billion in the six months ended June.
Pretax profit rose 118 percent to $318 million.
Catlin's investment return for the period rose to 1.6
percent from 0.2 percent, while the company raised its interim
dividend by 5 percent to 17.7 cents.
(Reporting by Richa Naidu; edited by Yousra Elbagir)