Appointment

RNS Number : 6710G

Catlin Group Limited

04 February 2010

 



CATLIN APPOINTS MARTIN ZINGG

AS GROUP CHIEF INVESTMENT OFFICER

HAMILTON, Bermuda - Catlin Group Limited ('CGL': London Stock Exchange), the international speciality property/casualty insurer and reinsurer, announced today that Martin Zingg has been appointed chief investment officer of the Catlin Group with effect from 1 March.  He will be based in Catlin's office in Zurich, Switzerland.

As chief investment officer, Martin Zingg will be responsible for investment strategy and the management of Catlin's US$7 billion in cash and investments.  He will report to Benjamin Meuli, Catlin's chief financial officer.

Martin Zingg has held several investment management and financial positions at Swiss Reinsurance Company, which he joined in September 1995.  He was most recently managing director-asset management and head of private equity in Zurich, responsible for Swiss Re's alternative investments and for managing the company's private equity investment portfolio and relationships.  He has held other investment-related positions at Swiss Re in Zurich, Hong Kong and San Francisco.  Before joining Swiss Re, he held banking positions at UBS in Zurich.

Catlin Chief Financial Officer Benjamin Meuli said:

"I am pleased to announce the appointment of Martin Zingg as Catlin's chief investment officer.  Martin has acquired a wealth of investment experience and knowledge during his 15 years with Swiss Re, and I believe that he is the ideal person to lead Catlin's investment management operations."

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For more information contact:

Media Relations:
James Burcke, Head of Communications, London	Tel:   Mobile:   E-mail:	[phone] [phone] [e-mail]
Liz Morley, Maitland	Tel:   E-mail:	[phone] [e-mail]
Investor Relations:
William Spurgin, Head of Investor Relations, London	Tel:   Mobile:   E-mail:	[phone] [phone] [e-mail]

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. Gross premiums written in 2008 exceeded US$3.4 billion.  Catlin shares are traded on the London Stock Exchange (ticker symbol: CGL).  More information can be found at www.catlin.com.

2.       Catlin operates six underwriting hubs, covering the world's key insurance and reinsurance markets: London/UK; US; Bermuda; Europe, Asia-Pacific Rim and Canada. Catlin's underwriting hubs allows the Group to diversify further its risk portfolio and to work more closely with local policyholders and brokers.

3.       Catlin operates 47 offices worldwide in Austria, Australia, Belgium, Bermuda, Brazil, Canada, China, France, Germany, Guernsey, India, Italy, Japan, Malaysia, Norway, Singapore, Spain, Switzerland, the United Kingdom and the United States.

4.       The underwriting hubs write coverage on behalf of Catlin-owned and managed insurers, including the Catlin Syndicate, the largest syndicate at Lloyd's of London based on gross premiums written; Catlin UK, which writes coverage for UK clients and other classes of commercial insurance and reinsurance; Catlin Bermuda, which specialises in underwriting property and casualty treaty reinsurance in the Bermuda market; and Catlin Insurance Company Inc and Catlin Specialty Insurance Company Inc. in the US, which write admitted and non-admitted business, respectively.

5.       Catlin's insurance company subsidiaries have received financial strength ratings of 'A' (Excellent) from A.M. Best and 'A' (Strong) from Standard & Poor's.

 

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