Catlin US Opens in New York
Catlin Group Limited
12 July 2006
CATLIN US ESTABLISHES NEW YORK OFFICE
NEW YORK - Catlin Group Limited ('CGL': London Stock Exchange), the
international speciality property/casualty insurer and reinsurer, announces that
Catlin US has established an underwriting office in New York.
The New York office will be staffed by an 11-member professional liability
underwriting team, headed by Senior Vice President John Van Decker. He and the
other members of the team have joined Catlin US from Quanta US Holdings Inc.
The team will underwrite various classes of professional liability and directors
& officers (D&O) liability insurance. The professional liability classes include
coverage for financial institutions, real estate agents, lawyers, accountants
and other professionals.
Catlin US, which is headquartered in Atlanta, underwrites specialty classes of
property/casualty insurance for US clients. Catlin US has also recently acquired
an admitted property/casualty insurance company that will soon begin
underwriting business under the Catlin brand. Besides the New York and Atlanta
offices, Catlin US also has offices in Houston, New Orleans and San Francisco.
Richard Banas, chief executive officer of Catlin US, said:
'I am delighted that John Van Decker and his experienced team of underwriting
professionals have joined Catlin to establish our New York office. Members of
the team have worked together for many years, and have established a very
successful track record. Catlin is already well known in the US as an
underwriter of healthcare liability insurance, and the skills and expertise of
our New York team will strengthen Catlin's position in the broader professional
liability insurance market.'
John Van Decker was formerly president of the Professional Liability Division of
Quanta U.S. Holdings Inc, responsible for all forms of professional liability, D
&O liability and fiduciary liability products. Prior to joining Quanta, he held
various management positions at CNA Financial Corp. and for American
International Group Inc.
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For more information contact:
Media Relations:
James Burcke, Tel: +44 (0)20 7458 5710
Head of Communications, London Mobile: +44 (0)7958 767 738
E-mail: james.burcke@catlin.com
Investor Relations:
William Spurgin, Tel: +44 (0)20 7458 5726
Head of Investor Relations, London Mobile: +44 (0)7710 314 365
E-mail: william.spurgin@catlin.com
Brokers:
John Van Decker Tel: (212) 618 1338
Senior Vice President, New York E-mail: john.vandecker@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 $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, which encompasses all of Catlin's operations in the United
States. Catlin US includes American Indemnity Company, which was
acquired in May 2006 and is being renamed Catlin Insurance Company Inc.
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; 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, New York and San
Francisco), Canada (Toronto), Australia (Sydney), Singapore, Malaysia (Kuala
Lumpur), Hong Kong, 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.
This information is provided by RNS
The company news service from the London Stock Exchange