May 11 (Reuters) – Insurer Catlin Group Ltd reported a 12 percent rise in gross premiums written during the first quarter, helped by growth across its international operations and the absence of catastrophe losses.
Catlin, operator of the biggest syndicate at Lloyd's of London, said gross written premiums during the January-March quarter were $1.6 billion.
The company, which provides specialty property, casualty insurance and reinsurance services, said it expected market conditions to improve as the year progressed.
Catlin incurred nearly $1 billion in gross losses from natural catastrophes in 2011.
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