Result of AGM

RNS Number : 5097U

Catlin Group Limited

15 May 2008

 

Catlin Group Limited
15 May 2008

 

RESULTS OF CATLIN GROUP LIMITED 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 136,594,339common 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:	[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 worldwide through four underwriting platforms and an international network of offices. Gross premiums written in 2007 exceeded US$3.3 billion. Catlin shares are traded on the London Stock Exchange (ticker symbol: CGL). 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), which 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 a network of offices throughout the U.S. Catlin US includes Catlin Insurance Company Inc. and Catlin Specialty Insurance Company Inc.

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 Canada, Australia, Singapore, Malaysia, Hong Kong, China, Guernsey, Germany, Belgium, France, Spain, Italy, Switzerland, Austria and Brazil.

 

END

 

 

RAGSFFSMISASESI