Directorate Change

RNS Number : 1470O

Catlin Group Limited

24 June 2010

 



24 June 2010                                                                                                                                 

CATLIN GROUP LIMITED ANNOUNCES
CHANGES TO BOARD OF DIRECTORS

HAMILTON, Bermuda - Catlin Group Limited ('CGL'; London Stock Exchange), the international specialty property/casualty insurer and reinsurer, announces two changes to the Board of Directors.

Michael Harper will resign from the Group's Board of Directors effective 1 July 2010 due to the demands of his other commitments. He was appointed as Senior Independent Director of Catlin in July 2005.

Bruce Carnegie-Brown has been appointed as a Non-Executive Director with effect from 1 August 2010.  He will be subject to election by shareholders at the Company's Annual General Meeting in 2011.

Bruce Carnegie-Brown was formerly Managing Partner and founder of 3i Group plc's quoted private equity team and was a member of 3i's Group Management Committee.  He previously served as Chief Executive Officer of Marsh Limited's European and Middle Eastern operations. Prior to joining Marsh, he spent 18 years at JP Morgan in a variety of roles including Senior Credit Officer for Europe, Middle East and Africa, Chairman of JP Morgan Securities Asia based in Tokyo and Head of Debt Capital Markets in Europe and Asia.

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

"I would like to pay tribute to Michael Harper for his service to the Catlin Board and its Committees over the past five years.  Michael has been an outstanding contributor to the Board during a crucial period in the Group's development.  On behalf of the Board, I thank him warmly and wish him the very best for the future.

"I am also delighted to announce the appointment of Bruce Carnegie-Brown to the Catlin Board. Bruce's experience, both in insurance broking and in the wider financial markets, will greatly benefit the Group."

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Catlin Announces Changes to Board of Directors / .. Page 2

Director Declaration:

"In accordance with Rule 9.6.13 of the Listing Rules, Catlin Group Limited has been notified that that Bruce Carnegie-Brown is currently a Non-Executive Director of Close Brothers Group plc and Moneysupermarket.com Group plc. He was also formerly a Non-Executive Director of Jelf Group plc. There are no other matters to be disclosed pursuant to Rule 9.6.13."

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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 six underwriting hubs. Gross premiums written in 2009 amounted to more than US$3.7 billion.

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

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 nearly 50 offices in 20 countries.

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

5.   Catlin is the title sponsor of the Catlin Arctic Survey, a unique collaboration between polar explorers and research scientists to improve society's knowledge of potential environmental changes.  Catlin Arctic Survey 2010, which concluded in May, focused on how rising carbon emissions may affect oceans and sea life.  More information is available at CatlinArcticSurvey.com.

 

END

 

 

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