Press Releases

Results of Catlin Group Annual General Meeting Voting

HAMILTON, Bermuda - All of the resolutions proposed at Catlin Group Limited's Annual General Meeting, held on Wednesday 14 May 2008 in Bermuda, were duly passed by shareholders. Proxies were received in respect of 136,594,339 common shares, representing 54% of the shares in issue.

 

The results of the proxy voting on each resolution were as follows:

 

Resolution

Votes
For

Proxy Holder's Discretion

Votes
Against

Votes
Withheld

 

 

1.

To receive the Annual Report & Accounts

134,195,614

7,692

0

2,391,033

2.

To approve the Directors' Remuneration Report

107,466,156

13,221

26,306,569

2,808,392

3.

To re-appoint  PricewaterhouseCoopers LLP as  Auditors

136,520,588

67,971

710

5,070

4.

To authorise the Board to establish auditors' remuneration

136,526,151

67,971

0

217

5.

To declare a final dividend

136,463,930

7,692

0

122,717

6.

To re-elect Sir Graham Hearne

135,055,537

62,442

1,471,660

4,700

7.

To re-elect Mr Alan Bossin

135,548,422

62,442

983,475

0

8.

To re-elect Mr Michael Eisenson

98,342,385

62,442

35,427,641

2,761,869

9.

To authorise the Board to allot shares

136,195,099

62,442

335,858

940

10.

To approve and adopt the rules of the Catlin Group Limited Savings-Related Share Scheme

136,511,208

62,442

20,689

0

11.

To approve and adopt the rules of the Catlin Group Limited US Employee Stock Purchase Plan

136,505,371

62,442

20,689

5,837

12.

To amend the dilution limit within the Catlin Group Limited’s Performance Share Plan to 10 per cent
of its issued share capital

134,073,092

62,442

79,010

2,379,795

13.

To disapply pre-emption rights in limited circumstances

136,514,313

62,442

6,361

11,223

14.

To authorise market  purchases of shares in limited circumstances

136,513,508

62,442

18,389

0

 

A “Vote Withheld” is not a vote in law and is not counted in the votes “For” and “Against” a resolution.


Resolutions 1-12 were ordinary resolutions and Resolutions 13 and 14 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:

 

Financial Services Authority

25 The North Colonade

Canary Wharf

London E14 5HS

 

- ends -

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. It also writes other classes of business 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.