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Catlin Group Ltd. in Bermuda announced that losses from recent hurricanes will total $200 million, it has lost $118 million on fixed income investments, and its holdings in bankrupt Lehman Brothers totaled $11 million.

Stephen Catlin, chief executive officer of the firm, said the unparalleled financial events of this year will prove to be a market-turning experience and he believes ratings will begin to improve as capital leaves the insurance marketplace.

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