Press Releases
Catlin establishes speciality in Construction and Engineering Insurance
LONDON - Catlin Group Limited (‘Catlin’), the international property and casualty insurer and reinsurer, announces that it now offers specialist expertise in Construction and Engineering insurance to clients.
The Construction and Engineering coverage will be underwritten by the Catlin Syndicate at Lloyd’s, one of the 10 largest syndicates operating in the Lloyd’s marketplace. Catlin’s Construction and Engineering team is led by Paul Latimer, a qualified civil engineer with 10 years of experience in the construction insurance industry who joined Catlin in June 2004 as a class underwriter.
Catlin’s Construction and Engineering team specialises in underwriting privately financed Civil, Structural and Mechanical Engineering related risks, either on a project or an annual basis. While the team focuses on UK/European business, it underwrites coverage for clients worldwide.
Paul Latimer said:
“We have established Construction and Engineering as a class of business in response to demand from our existing clients. In line with the Catlin Group’s underwriting philosophy, the Construction and Engineering team will provide sophisticated risk transfer solutions for our clients based on a detailed understanding of their unique exposures.”
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For more information contact:
James Burcke, Head of Communications
| Tel: | +44 (0)20 7458 5710 |
| Mobile: | +44 (0)7958 767 738 |
| E-mail: | james.burcke@catlin.com |
Note to editors:
Catlin Group Limited is a publicly listed underwriter of international specialty property/casualty insurance and reinsurance. Over its 20 year history, Catlin has expanded from its traditional base at Lloyd's and has built a distinctive and efficient infrastructure which comprises a Bermuda holding company; underwriting platforms at Lloyd's, in Bermuda and in the UK company market; and a network of owned offices in the United States, United Kingdom, Continental Europe, Asia and Australia.
The Group's three underwriting platforms are:
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The Catlin Syndicate (Syndicate 2003 at Lloyd's). Syndicate 2003, which is entirely funded by Catlin and managed by Catlin Underwriting Agencies Limited, is the ninth largest syndicate at Lloyd's based on 2004 stamp capacity of Ł500 million ($909 million). The syndicate writes a wide range of specialty property and casualty insurance and reinsurance.
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Catlin Bermuda (Catlin Insurance Company Ltd.). Catlin Bermuda, a Class 4 insurer and reinsurer licensed in Bermuda , began underwriting in 2002 and writes property treaty and casualty treaty reinsurance, medical stop-loss reinsurance and property and casualty insurance for US risks on a surplus lines basis.
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Catlin UK (the UK Branch of Catlin Insurance Company Ltd.). Catlin UK, which began underwriting with effect from 1 January 2004, writes commercial property, general liability, professional indemnity, directors' and officers' liability and crime insurance for UK clients.
All of the Catlin Group’s underwriting platforms are rated ‘A’ (Excellent) by A.M. Best Company.
Catlin Group Limited shares are traded on the London Stock Exchange under the ticker symbol ‘CGL’.