New Group Claims Director

RNS Number : 7657R

Catlin Group Limited

22 November 2012

 



22 November 2012                                                                                             

GLENN BRACE TO JOIN CATLIN
AS GROUP CLAIMS DIRECTOR

HAMILTON, Bermuda - Catlin Group Limited ('CGL'; London Stock Exchange), the international specialty property/casualty insurer and reinsurer, announces that Glenn Brace will join Catlin in early 2013 as Group Claims Director.

In his new role, Glenn Brace will be responsible for Catlin's worldwide claims operations, including the claims functions of all six of the Group's underwriting hubs. He will be based in London and succeeds Nick Sinfield, who was previously promoted to Chief Executive Officer of Catlin's London/UK underwriting hub.  He will report to Paul Jardine, Chief Operating Officer of Catlin Group Limited.  

Glenn Brace has served as Executive Director of Xchanging Claims Services in London since February 2011. Xchanging Claims Services provides claims adjusting and other services to Lloyd's of London managing agents and other companies in the London insurance market.

In 1997 he joined Equitas Limited, the company established to reinsure and run off Lloyd's pre-1993 liabilities, as Head of Asbestos, Pollution and Health Hazard ('APH') Claims. He was subsequently promoted to Claims Director, serving as Equitas' chief claims officer. In 2007, Berkshire Hathaway Inc. effectively acquired Equitas' operations, and Glenn was appointed Chief Claims Officer of Resolute Management Services Ltd, the Berkshire Hathaway unit that assumed the run-off of Equitas' business.  He left Resolute in 2010 to establish Tower Street Consulting, an independent company that provided claims and liability consulting services to insurers in the London market.

Glenn began his career at the US law firm Day, Berry & Howard (now Day Pitney) where he was a Partner.  He is a graduate of the University of Virginia and the University of Virginia Law School.

Paul Jardine said:

"I am delighted to announce that Glenn Brace will join Catlin as Group Claims Director.  Glenn has distinguished himself as one of the world's top claims professionals, making a significant contribution to the ultimate success of Equitas and, most recently, serving as Executive Director of Xchanging Claims Services.

"Catlin is already recognised worldwide for providing exceptional levels of claims service to brokers and assureds.  While I believe that the Catlin claims team is already top of class, I know that, under Glenn's leadership, Catlin will continue to improve the standard of claims handling it provides to our clients."

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For more information contact:

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

Notes to editors:

1.   A photo of Glenn Brace is available on request.

2.   Catlin Group Limited, headquartered in Bermuda, is an international specialist property/casualty insurer and reinsurer writing more than 30 classes of business worldwide through six underwriting hubs. Gross premiums written in 2011 amounted to US$4.5 billion.

3.   Catlin has established operating hubs in London, Bermuda, the United States, the Asia-Pacific region, Europe and Canada. Through these hubs, Catlin works closely with policyholders and their brokers. The hubs also provide Catlin with product and geographic diversity. Altogether, Catlin operates more than 55 offices in 21 countries.

4.   Catlin's underwriting units are rated 'A' by A.M. Best and Standard & Poor's.

5.   Catlin shares are traded on the London Stock Exchange (ticker symbol: CGL). More information about Catlin can be found at www.catlin.com.

6.   Catlin is the title sponsor of the Catlin Seaview Survey, a major scientific expedition that is the first comprehensive study to document the composition and health of sections of the Great Barrier Reef across an unprecedented range of depths. The scientific data currently being gathered by the Catlin Seaview Survey, which is now under way, will strengthen the understanding of how climate change and other environmental changes are likely to affect ocean ecosystems. More information is available at www.catlinseaviewsurvey.com.

 

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