Press Releases

David Ibeson appointed Chief Executive of Catlin UK

LONDON – Catlin Group Limited (‘CGL’: London Stock Exchange), the international specialty property/casualty insurer and reinsurer, announces that David Ibeson, currently Chief Executive of the Catlin Syndicate at Lloyd’s, has also been appointed Chief Executive of Catlin UK (Catlin Insurance Company (UK) Ltd).  

 

Catlin UK specialises in underwriting commercial non-life insurance for UK clients through a network of regional offices. In addition, Catlin UK underwrites other classes of commercial business which are also written by the Catlin Syndicate. Catlin UK wrote gross premiums totalling US$439 million (£222 million) during 2007.

The appointment is subject to approval by the UK Financial Services Authority.

 

David Ibeson joined Catlin in December 2006 following Catlin’s acquisition of Wellington Underwriting plc. He joined Wellington in 1994 and held a variety of positions, including Executive Director, Group Underwriting Director, Chief Executive of Wellington Underwriting Agencies Limited and Active Underwriter of Lloyd’s Syndicate 2020.  He previously had
been a consulting actuary in the non-life sector, and he is a Fellow of the Institute of Actuaries.

 

David succeeds Andreas Loucaides, who has resigned from Catlin.  Andreas joined Catlin in 2004 and has served as chief executive of Catlin UK since its establishment.  Prior to joining Catlin, Andreas was Chief Executive of PRI Group plc and Active Underwriter of Lloyd’s Syndicate 702.

Stephen Catlin, Chief Executive of Catlin Group Limited, said:

 

“I am pleased to announce that David Ibeson will serve as Chief Executive of Catlin UK as well as the Catlin Syndicate.  The appointment recognises David’s talents and his contributions to Catlin since he joined the company. It also recognises the close relationship that exists between Catlin UK and the Catlin Syndicate.

 

“I would also like to thank Andreas Loucaides for his accomplishments as the first chief executive of Catlin UK, a company whose premium volume has increased to nearly US$440 million during its four years of operation.  Catlin UK is now a well-established and successful participant in the UK company market.  I wish Andreas the best in his future endeavours.”


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For more information contact:

 

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, Maitland

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 to editors

 

1.   Catlin Group Limited, headquartered in Bermuda , is an international specialist property/casualty insurer and reinsurer writing more than 30 classes of business worldwide through four underwriting platforms and an international network of offices. Catlin shares are traded on the London Stock Exchange (ticker symbol: CGL). Gross premiums written during 2007 exceeded US$3.3 billion. More information about Catlin can be found at www.catlin.com.
2.  

 Catlin's four underwriting platforms are:

  • The Catlin Syndicate at Lloyd's of London (Syndicate 2003) is a recognised leader of numerous classes of specialty insurance and reinsurance. The Catlin Syndicate is the largest at Lloyd's in 2008 based on premium capacity of £1.25 billion.
  • Catlin Bermuda (Catlin Insurance Company Ltd.), which is a leading participant in the Bermuda market, underwriting a diversified portfolio of property treaty, casualty treaty, political risk and terrorism, and structured risk coverages.
  • Catlin UK (Catlin Insurance Company (UK) Ltd.), which specialises in underwriting commercial non-life insurance for UK clients through a network of regional offices. In addition, Catlin UK underwrites other classes of commercial business which are also written by the Catlin Syndicate.

  • Catlin US, which encompasses Catlin's operations based in the United States. Catlin US underwrites a wide variety of specialty property/casualty insurance and reinsurance products from more than 15 offices. Catlin US includes Catlin Insurance Company Inc. and Catlin Specialty Insurance Company Inc.

4.  

Catlin's international network of offices allows the Group to diversify further its risk portfolio and to work more closely with local policyholders and brokers. Besides its offices in the UK, US and Bermuda, Catlin operates offices in Canada, Brazil, Australia, Singapore, Malaysia, China, Guernsey, Germany, Belgium, France, Italy, Spain, Switzerland and Austria.