AGM Statement

Catlin Group Limited
07 June 2006


                     CATLIN GROUP LIMITED TRADING STATEMENT

HAMILTON, Bermuda - The Board of Directors of Catlin Group Limited ('CGL':
London Stock Exchange) released the following statement at the conclusion of the
Group's Annual General Meeting, held 6 June 2006 in Bermuda.

Current Trading

We are pleased to report solid performance by the Catlin Group during the period
ended 30 April 2006. Gross premiums written during the period rose 10 per cent
compared with the corresponding period of 2005.

Weighted average premium rates for hurricane impacted classes of business
increased by 28 per cent for business written during the period ended 30 April
2006. Weighted average premium rates for non-hurricane impacted business
decreased by 1 per cent during the period. Weighted average premiums rates for
all classes of business written by the Group increased by 9 per cent. Rates
continue to increase significantly in catastrophe exposed classes of property
reinsurance where cedants seek significant levels of capacity.

Loss experience during 2006 has been in line with expectations across the
Group's overall portfolio.

Other Developments

  • On 25 May 2006, the Group completed the previously announced acquisition
    of American Indemnity Company, a shell property/casualty insurance company
    admitted in 27 US states, after having received all necessary regulatory
    approvals. The company, which will be renamed Catlin Insurance Company Inc.,
    is commencing to underwrite commercial US property and casualty risks as the
    Catlin Group's fourth underwriting platform.

  • The Group has opened an office in Atlanta, Georgia, which will serve as
    the headquarters for the Group's growing US operations.

  • Standard & Poor's Ratings Services on 23 May 2006 assigned long-term
    counterparty credit and insurer financial strength ratings of 'A-' (Strong)
    to Catlin Bermuda and Catlin UK. In addition, Standard & Poor's assigned an
    interactive Lloyd's Syndicate Assessment of '4-' (Low Dependency) to the
    Catlin Syndicate. These ratings complement the existing financial strength
    ratings of 'A' (Excellent) that A.M. Best has assigned to the Catlin
    Syndicate, Catlin Bermuda and Catlin UK.

  • The Group will announce its financial results for the six months ended
    30 June 2006 on Friday 8 September 2006.

Stephen Catlin, Chief Executive of Catlin Group, commented:

'We have made a good start to the year. Looking ahead to the second half, we
have reduced our exposure to hurricane-related events, while taking advantage of
the favourable rating environment in catastrophe classes of business. At the
same time we are making strong progress with our multi-platform strategy for
driving growth in the longer term based on uncorrelated risk. I look forward
with confidence'.

                                    - ends -


For more information contact:

Media Relations:
James Burcke, Head of Communications     Tel:       [phone]
                                         Mobile:    [phone]
                                         E-mail:    [e-mail]

Liz Morley, The Maitland Consultancy     Tel:       [phone]
                                         E-mail:    [e-mail]

Investor Relations:
William Spurgin, Head of Investor
Relations                                Tel:       [phone]
                                         Mobile:    [phone]
                                         E-mail:    [e-mail]


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

2. Catlin operates four underwriting platforms:

  • The Catlin Syndicate at Lloyd's of London (Syndicate 2003), which is one
    of the largest 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.

  • Catlin Bermuda (Catlin Insurance Company Ltd.), which underwrites
    property treaty and casualty treaty reinsurance and property and casualty
    insurance.

  • Catlin UK (Catlin Insurance Company (UK) Ltd.), which specialises in
    underwriting commercial non-life insurance for UK clients. It also writes
    other classes of business written by the Catlin Syndicate.

  • Catlin US (American Indemnity Company, to be renamed Catlin Insurance
    Company Inc.), which specialises in underwriting commercial property/
    casualty insurance for US clients.

   The Catlin Syndicate, Catlin Bermuda and Catlin UK have financial strength
   ratings of 'A' (Excellent) from A.M. Best Company. Catlin Bermuda and Catlin 
   UK have insurance financial strength ratings of 'A-' (Strong) from Standard &
   Poor's, whilst the Catlin Syndicate has a Lloyd's Syndicate Assessment of 
   '4-' (Low Dependency) from Standard & Poor's.

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 (Atlanta, 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. More information about Catlin can be found on the Group's website: 
   www.catlin.com.




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