XL Catlin makes $50mn reinsurance saving for 2016

XL Catlin has made a $50mn saving for 2016 after centralising
its outwards reinsurance spend, the company has said.
On a conference call discussing Q3 results yesterday (26
October), chief underwriting officer for insurance Paul Brand said
the group had combined several reinsurance programmes following
XL's $4.2bn acquisition of Catlin.
The $50mn saving, however, is only "a portion" of what
XL Catlin can ultimately achieve, CEO Mike McGavick added.
The Insurance Insider reported back in
Septembe