XL Catlin profits hit by Tianjin and integration costs

In its first period of combined reporting, XL Catlin saw operating
net income decrease to $70.8mn for Q3, down from $187mn for the
same quarter last year as it missed Wall Street earnings forecasts.
At $0.23 a share, the performance was below analysts'
consensus of $0.40 a share.
The group said that the bottom line had been affected by more
than $55mn in integration costs related to XL's recent
acquisition of Catlin.
Separately, the group also took $95.7mn hit from...