Press Releases
Catlin Guernsey Limited established to underwrite general aviation insurance
ST PETER PORT, Guernsey - Catlin Group Limited (‘CGL’: London Stock Exchange), the international speciality property and casualty insurer and reinsurer, announces that Catlin Guernsey Limited is now actively underwriting aviation insurance for commercial policyholders.
Catlin Guernsey is the newest member of the Catlin Group’s international network of offices. Other Catlin offices are located in Bermuda, the United States, the United Kingdom, Canada, Germany, Belgium, Singapore, Malaysia and Australia.
Catlin Guernsey specialises in underwriting general aviation insurance on behalf of the Catlin Syndicate at Lloyd’s of London (Syndicate 2003). The Catlin Syndicate is one of the ten largest syndicates at Lloyd’s in 2005 in terms of premium capacity. The Catlin Syndicate, like the Catlin Group’s other underwriting platforms, has a financial strength rating of ‘A’ (Excellent) from A.M. Best Company.
The Catlin Guernsey team is headed by Class Underwriter Nic Vine, who said:
“I am extremely pleased to have joined Catlin and to have helped establish Catlin Guernsey. Our team is looking forward to creating new relationships with clients and brokers who place aviation insurance in Guernsey. We will work closely with Catlin’s existing aviation underwriting team in London, which is headed by Mike Hansen, to provide the best possible service to our clients.”
Stephen Catlin, chief executive of Catlin Group Limited, said:
“I am delighted to announce the opening of Catlin Guernsey. Our Guernsey operation demonstrates the Catlin Group’s strategy to seek opportunities where we can work more closely with clients and their brokers and that will add profitable business to our existing portfolio. We are looking forward to becoming an important part of the Guernsey insurance market.”
Catlin Guernsey Limited is located at:
Butterfield House
9-11 The Grange
St Peter Port
Guernsey GY1 2QL
Telephone: +44 (0)1481 720 003
Fax: +44 (0)1481 720 227
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For more information contact:
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Media Relations: |
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James Burcke, |
Tel: Mobile: |
+44 (0)20 7458 5710
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Liz Morley, |
Tel: |
+44 (0)20 7379 5151 emorley@maitland.co.uk |
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Investor Relations: |
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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:
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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.
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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.
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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.
The Catlin Group also operates subsidiaries located in Houston and New Orleans in the US, as well as in the UK, Guernsey , Canada , Germany , Belgium , Singapore , Malaysia and Australia . These subsidiaries, which underwrite on behalf of Catlin’s underwriting platforms, allow Catlin to work more closely with local clients and their brokers.