Press Releases
Results of Catlin Group Limited AGM Voting
HAMILTON, Bermuda - All of the resolutions proposed at Catlin Group Limited’s Annual General Meeting, held Wednesday 25 May 2005 in Bermuda, were duly approved by shareholders. Proxies were received in respect of 116,884,203 common shares, representing 76% of the shares in issue.
The results of the proxy voting on each resolution were as follows:
|
|
Resolution |
Votes |
Proxy |
Votes |
Votes |
|
1 |
To receive the Annual Report and Accounts
|
107,050,583
|
1,703 |
1,101,808
|
7,945,335
|
|
2 |
To approve the Directors’ Remuneration Report
|
110,748,917 |
1,703 |
1,887,252
|
3,461,557
|
|
3 |
To reappoint Pricewaterhouse
|
115,819,164 |
1,703 |
278,562
|
0 |
|
4 |
To authorise the Board to establish auditors’ remuneration
|
116,004,727 |
1,703 |
92,999
|
0 |
|
5 |
To declare final dividend
|
116,097,726 |
1,703 |
0 |
0 |
|
6 |
To re-elect Mr Alan Bossin as a Director
|
99,822,918 |
1,703 |
3,237,212
|
16,101,612
|
|
7 |
To re-elect Mr Michael Eisenson as a Director
|
102,657,687 |
1,703 |
2,160,824
|
14,343,231
|
|
8 |
To authorise the Board to allot shares
|
116,097,726 |
1,703 |
0 |
0 |
|
9 |
To dis-apply pre-emption rights in limited circumstances
|
105,350,116 |
1,703 |
0 |
10,747,610
|
|
10 |
To authorise market purchases of shares in limited circumstances |
116,004,727 |
1,703 |
0 |
92,999
|
Resolutions 1-8 were ordinary resolution and Resolutions 9 and 10 were special resolutions. A copy of the resolutions has been submitted to the UK Listing Authority and will shortly be available for inspection at the UK Listing Authority’s Document Viewing Facility at:
The Financial Services Authority
25 The North Colonade
Canary Wharf
London E14 5HS
- ends -
For more information contact:
|
Media Relations: |
|
|
|
James Burcke, |
Tel: Mobile: |
+44 (0)20 7458 5710
|
|
Liz Morley, |
Tel: |
+44 (0)20 7379 5151 emorley@maitland.co.uk |
|
Investor Relations: |
|
|
|
William Spurgin, |
Tel: E-mail: |
+44 (0)20 7458 5726 +44 (0)7710 314 365 |
Notes to editors:
1. The Catlin Group, headquartered in Bermuda, is an international specialist property/casualty insurer and reinsurer writing more than 30 classes of business worldwide. Catlin wrote gross premiums of US$1.43 billion and reported record net income of US$154.1 million in 2004. Catlin shares are traded on the London Stock Exchange (ticker symbol: ‘CGL’).
2. The Catlin Group operates three underwriting platforms:
-
The Catlin Syndicate at Lloyd’s (Syndicate 2003). The Catlin Syndicate is the eighth largest syndicate at Lloyd’s based on 2005 premium capacity of Ł500 million. It is a recognised leader of numerous classes of specialty insurance and reinsurance.
-
Catlin Bermuda (Catlin Insurance Company Ltd.). Catlin Bermuda began underwriting in 2002 and writes property treaty and casualty treaty reinsurance and property and casualty insurance for US risks on a surplus lines basis.
-
Catlin UK (Catlin Insurance Company (UK) Ltd.). Catlin UK specialises in writing commercial property, general liability, professional indemnity, directors' and officers' liability and commercial crime insurance for UK clients. It also writes other classes of business written by the Catlin Syndicate.
All three Catlin Group underwriting platforms have been assigned ‘A’ (Excellent) financial strength ratings by A.M. Best Company.