Press Releases

Catlin Strengthens London Aviation Team

8 July 2009

 

LONDON – Catlin Group Limited (‘CGL’; London Stock Exchange), the international specialty property/casualty insurer and reinsurer, announces that it has strengthened its market-leading London aviation underwriting team with the addition of Richard Power and Mark Stanley.

 

Richard Power will join Catlin on 1 August as a senior underwriter and head of the airline underwriting team in London.  He most recently was airline practice leader at C.V. Starr & Company and was previously an underwriter with Global Aerospace (formerly BAIG and BAIC).  He has an MSc in Risk Management and Insurance from Cass Business School in London and is also ACII qualified.

 

Mark Stanley will join Catlin on 16 September as a senior underwriter and head of aviation products and airport underwriting in London.  He has been an underwriter for Global Aerospace for more than 20 years.  He is ACII qualified.

 

Catlin also announces that Paul Cooper, currently a class underwriter with Catlin Guernsey, will join the Catlin aviation team in London in August as a class underwriter specialising in airline accounts.

 

In addition, Fiona Hodgson has joined Catlin as a senior aviation claims adjuster in London.  She most recently held claims positions at XL Insurance and previously worked at Global Aerospace and Charles Taylor Consulting.

 

Alain Burguiere, European business group leader for Catlin Aerospace, said:

 

“I am pleased to welcome Richard Power and Mark Stanley to Catlin’s London aviation underwriting team.  Richard and Mark are highly respected underwriters in the marketplace, and their addition to our existing London aviation underwriting team – which includes Julia Milton and soon Paul Cooper – will further strengthen Catlin’s position as one of the world’s leading aviation insurers.  The addition of Fiona Hodgson to our aviation claims team will increase the existing high levels of service that Catlin offers to its aviation policyholders.  The full team at Catlin will be in place by September.”

 

Catlin is a major international aviation and aerospace insurer and reinsurer, with gross aerospace-related premium volume of approximately $400 million in 2008.  Catlin currently  underwrites aviation insurance through offices in London, continental Europe, Guernsey, Canada, Asia and Australia.  In the United States, W. Brown & Associates Insurance Services underwrites general aviation insurance on behalf of Catlin US.

 

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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 in 2008 exceeded US$3.4 billion. More information 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 was the largest at Lloyd's in 2008 based on fross premiums written of US$2.4 billion. Catlin also operates a life syndicate at Lloyd's (Syndicate 3002).
  • 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. A Guernsey Branch of Catlin Bermuda underwrites life 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 many other classes of commercial insurance.

  • 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 a network of offices throughout the United States. 

3.  

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 Australia, Austria, Belgium, Bermuda, Brazil, Canada, China, France, Germany, Guernsey, Italy, Japan, Malaysia, Norway, Signapore, Spain, Switzerland, the United Kingdom and the United States.

 4.   Catlin Group Limited is the title sponsor of the Catlin Arctic Survey, a major scientific expedition to measure the thickness and density of the permanent ice surrounding the North Pole.  The project’s aim is to help scientists determine, with a much greater degree of accuracy, when this ice could disappear as a result of global warming.  More information is available at www.catlinarcticsurvey.com.