Press Releases

Vincent Brazauskas appointed senior vice president of Catlin Inc.

28 April 2006

HAMILTON, Bermuda - Catlin Group Limited ('CGL': London Stock Exchange), the international property and casualty insurer and reinsurer, announces the appointment of Vincent Brazauskas as senior vice president and chief administrative officer of Catlin Inc., the Group's US subsidiary.

In his new role Vincent Brazauskas will be responsible for a variety of non-underwriting functions for Catlin's US operations including Catlin Insurance Company Inc., the Catlin Group's fourth underwriting platform. These functions include IT, Human Resources, Facilities Management and Claims.

Vincent Brazauskas has 29 years of insurance management experience, including human resources, IT, communication, facilities and claims expertise. He most recently served as an independent insurance and management consultant in Easton, Massachusetts. Prior to that, he worked for more than 20 years for One Beacon Insurance Company and its predecessors (CGU and Commercial Union), serving as managing director/senior vice president and chief administrative officer from 1995-2002. In that role, he had responsibility for IT, Human Resources, Communications, Real Estate and other support functions. While at One Beacon/Commercial Union, he also served in a variety of claims functions and was vice president of claims from 1990-1995. He has also worked for GAB Robins North America.

Richard Banas, president and chief executive officer of Catlin Inc., said:

'I am delighted to welcome Vince Brazauskas to Catlin. His vast experience in a wide variety of areas that are essential for any insurer will be a tremendous benefit as we build Catlin Insurance Company into a leading specialty insurer in the US.'

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For more information:

Media Relations:    
James Burcke,
Head of Communications,
London

Tel:
Mobile:
E-Mail:

 +44 (0)20 7458 5710
+44 (0)7958 767 738
james.burcke@catlin.com
Liz Morley,
The Maitland Consultancy,
London		 Tel:
E-mail:		 +44 (0)20 7379 5151
emorley@maitland.co.uk
Investor Relations:    
William Spurgin,
Head of Investor Relations,
London

Tel:
Mobile:
E-mail:

 +44 (0)20 7458 5726
+44 (0)7710 314 365
william.spurgin@catlin.com





Notes:

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$1.4 billion in 2005. Catlin shares are traded on the London Stock Exchange (ticker symbol: 'CGL').
2.  

The Catlin Group currently operates three underwriting platforms:

  • The Catlin Syndicate at Lloyd's of London (Syndicate 2003). The Catlin Syndicate is one of the tenlargest syndicates at Lloyd's based on 2006 premium capacity of £450 million. It is a recognised leader of numerous classes of specialty insurance and reinsurance. Over the past 20 years, the Catlin Syndicate and its predecessors have consistently outperformed the Lloyd's market as a whole.

  • Catlin Bermuda (Catlin Insurance Company Ltd.). Catlin Bermuda underwrites 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 underwriting platforms have a financial strength rating of 'A' (Excellent) from A.M. Best Company.

In addition, Catlin announced in September 2005 that it had reached an agreement to purchase a shell insurance company which is an admitted insurer in 27 US states. Subject to completion of the acquisition and regulatory approval, this company will be renamed Catlin Insurance Company Inc. and underwrite specialty property/casualty coverage for US commercial clients.

The Catlin Group also has established offices in the US, UK, Guernsey, Canada, Germany, Belgium, Singapore, Malaysia and Australia. These offices, which underwrite on behalf of Catlin's underwriting platforms, allow Catlin to work more closely with local clients and their brokers.

3.   Catlin also operates offices worldwide which allow Catlin underwriters to work closely with local policyholders and brokers. The offices are located in the United States (Houston, New Orleans and San Francisco), Canada (Toronto), Australia (Sydney), Singapore, Malaysia (Kuala Lumpur), Germany (Cologne), Belgium (Antwerp) and Guernsey. Catlin UK has regional offices in Glasgow, Leeds, Derby, Birmingham and Watford.
4.   For more information about Catlin, please see the Group's website at www.catlin.com.