Directorate Change

RNS Number : 8215D

Catlin Group Limited

09 December 2009

 



CATLIN GROUP LIMITED BOARD CHANGES

LONDON - Catlin Group Limited ('CGL': London Stock Exchange), the international specialty property/casualty insurer and reinsurer, announces two non-executive director changes.

Guy Beringer has been appointed as a non-executive director with effect from 8 December 2009. He will be subject to election by shareholders at the Company's Annual General Meeting in 2010.

Guy Beringer served as senior partner of Allen & Overy, the international law firm, from 2000 until his retirement in 2008. As senior partner he chaired the firm's Partnership Board and was responsible for strategic development. He joined Allen & Overy in 1978 and also served as managing partner of the corporate department. He is a non-executive director of Fleming Family & Partners Ltd and London Irish Holdings Limited and a non-executive board member of HM Court Service. He was appointed a Queen's Counsel (honoris causa) in 2006 for his contributions to pro bono and legal services.

Catlin also announces that Michael Hepher, who has been a Catlin Group non-executive director and chairman of the Audit Committee since October 2003, will retire from the Board on 31 January 2009 due to the demands of his other commitments. He will be succeeded as chairman of the Audit Committee by Nicholas Lyons, who was first appointed as a non-executive director in August 2008 and elected by shareholders at the Annual General Meeting in 2009.

Sir Graham Hearne, chairman of Catlin Group Limited, said: 

"I am delighted to announce the appointment of Guy Beringer to the Catlin Board. Guy's 30 years of experience at Allen & Overy, including eight years as senior partner, will greatly benefit the Group. 

"I would also especially like to thank Michael Hepher for his service as a non-executive director of Catlin. Michael has made a significant contribution to the Group over the past six years, both as a director and as chairman of the Audit Committee. Michael helped to guide the Group through its flotation on the London Stock Exchange and its subsequent growth.  We are sorry to lose him but understand the demands on his time necessitated by his other commitments. On behalf of the Board, I wish him the very best for the future.

"I also welcome Nicholas Lyons in his new role as chairman of the Audit Committee."

- ends -

Director Declaration: 

Catlin Group Limited has been notified that there are no details to be disclosed pursuant to Rule 9.6.13 of the Listing Rules in respect of Mr Beringer.

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 through four underwriting platforms and an international network of offices. 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'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 was the largest at Lloyd's in 2008 based on gross premiums written of US$2.4 billion.  Catlin also operates a life syndicate (Syndicate 3002) at Lloyd's.

• 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. Catlin UK also underwrites many other classes of commercial insurance. 

• Catlin US, which encompasses Catlin's operations based in the United States (including Catlin Insurance Company Inc and Catlin Specialty Insurance Company Inc.). Catlin US underwrites a wide variety of specialty property/casualty insurance and reinsurance products from a network of offices throughout the United States.  More information is available at www.catlinus.com.

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.Catlin has offices 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. 

 

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