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Catlin First-Half Net Income Down On Investment Returns

However, Catlin noted that in the first half of 2008 it paid a dividend of $21.8 million to holders of the group's non-cumulative perpetual preferred shares issued in January 2007, which reduced first

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Despite strong underwriting results, Hamilton, Bermuda-based Catlin Group Limited reported an 18 percent decline in its first-half 2008 net income due to poor investment returns.

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