Catlin well-placed as premium rates rise

Last year was certainly painful for the insurance industry. Insurance analysts estimate that catastrophes – such as earthquakes in Japan and New Zealand, floods in Australia and Thailand and tornadoes in the US – meant losses of around $100bn (£63bn). But that figure isn't as grim as it seems. Big losses mean that insurers have to hike their premium rates in order to rebuild their reserves and that usually results in a dramatic return to profits. Lloyd's insurer Catlin looks especially well-placed to take advantage of that process.

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