Insurance Day
CAT‘s net income for 1995 hits $50m
From Kevin Stevenson, Bermuda
BERMUDA-based property catastrophe reinsurer CAT Limited saw net income jump 40% to $49.6m in 1995 when compared to the year
before and has forecast that net premiums earned will hit $132m in 1996, a 21% increase over the $108.9m posted in 1995.