NU Online News Service, Feb. 10, 2:27 p.m. EST

Catlin Group Limited's 2010 net income fell 33.8 percent compared to 2009 as the company saw $218 million in catastrophe losses for the year.

The Hamilton, Bermuda-based specialty insurer and reinsurer said 2010 net income was $337 million compared to 2009 net income of $509 million.

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