Catlin Group Limited
1 June 2005
CATLIN GROUP ISSUES QUARTERLY FORECASTS
FOR CATLIN SYNDICATE AT LLOYD'S
HAMILTON, Bermuda - Catlin Group Limited ('CGL': London Stock Exchange), the
international specialist property and casualty insurer and reinsurer, has today
issued forecasts relating to the open 2003 and 2004 years of account of the
Catlin Syndicate (Syndicate 2003), which is managed by Catlin Underwriting
Agencies Limited.
The forecasts, which are set out below, are expressed as a percentage of
capacity based on figures as at 31 March 2005:
Year of Capacity Current Previous
Account (£m) Forecast Forecast
(%) (%)
2003 £500.0 13.7% - 18.7% 13.7% - 18.7%
2004 £500.0 8.8% - 13.8% No previous
forecast
The forecast for the 2004 year of account is the first forecast issued for this
open year and should be treated as preliminary as a considerable amount of
business written in the 2004 year of account remains on risk.
Catlin Group Limited provided 100% of the capacity of the Catlin Syndicate for
both 2003 and 2004.
- ends -
For more information contact:
Media Relations:
James Burcke, Head of Communications, Tel: +44 (0)20 7458 5710
Mobile: +44 (0)7958 767 738
Email: james.burcke@catlin.com
Investor Relations:
William Spurgin,
Head of Investor Relations, Tel: +44 (0)20 7458 5726
Mobile: +44 (0)7710 314 365
E-mail: william.spurgin@catlin.com
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 US$1.43 billion and
reported record net income of US$154.1 million in 2004. Catlin shares are
traded on the London Stock Exchange (ticker symbol: 'CGL').
2. The Catlin Group operates three underwriting platforms:
• The Catlin Syndicate at Lloyd's (Syndicate 2003). The Catlin Syndicate
is the eighth largest syndicate at Lloyd's based on 2005 premium capacity
of £500 million. It is a recognised leader of numerous classes of specialty
insurance and reinsurance.
• Catlin Bermuda (Catlin Insurance Company Ltd.). Catlin Bermuda began
underwriting in 2002 and writes property treaty and casualty treaty
reinsurance and property and casualty insurance for US risks on a surplus
lines basis.
• Catlin UK (Catlin Insurance Company (UK) Ltd.). Catlin UK specialises in
writing commercial property, general liability, professional indemnity,
directors' and officers' liability and commercial crime insurance for UK
clients. It also writes other classes of business written by the Catlin
Syndicate.
All three Catlin Group underwriting platforms have been assigned 'A'
(Excellent) financial strength ratings by A.M. Best Company.
The Catlin Group also operates subsidiaries located in Houston and New
Orleans in the US, as well as in the UK, Canada, Germany, Belgium,
Singapore, Malaysia and Australia. These subsidiaries allow Catlin to
work more closely with local clients and their brokers.
3. The Catlin Group's website can be found at www.catlin.com.
This information is provided by RNS
The company news service from the London Stock Exchange
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