Catlin faces up to "unprecedented" catastrophes

A series of "catastrophe events" has battered the speciality insurance firm Catlin resulting in losses of $670m.

A series of "catastrophe events" has battered the speciality insurance firm Catlin resulting in losses of $670m.

The main problems for the firm have been floods in Thailand and Denmark, and Hurricane Irene, which damaged parts of the Caribbean, the US and Canada back in August.

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