Press Release

Jonathan Kelly Appointed to Catlin Group Limited Board of Directors

27 June 2006

HAMILTON, Bermuda - Catlin Group Limited (‘CGL’: London Stock Exchange), the international speciality property/casualty insurer and reinsurer, announces the appointment of Jonathan Kelly as a non-executive director, with effect from 27 June 2006.

 

Jonathan Kelly is a principal with Capital Z Financial Services Partners, a private equity firm based in New York. Prior to joining Capital Z in 1998, he was a senior vice president in the Investment Banking Division of Donaldson, Lufkin & Jenrette, where he specialised in corporate finance transactions for clients in the insurance and reinsurance industry.

 

Jonathan Kelly was appointed to the Catlin Group’s Board of Directors by Capital Z Catlin Investment Ltd. under a provision in the Catlin Group’s bye-laws which gives certain major shareholders the right to appoint a director for a specific period.  He succeeds Mark Gormley, the former Capital Z appointee, who retired from the Board effective 27 June 2006.

 

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

“I am pleased to welcome Jonathan Kelly to the Catlin Group Board. The Board will benefit from Jonathan’s past experience advising insurance and reinsurance companies. I would also like to pay tribute to Mark Gormley for his contributions to the Catlin Group, both before and after our IPO.”

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For more information:

Media Relations:    
James Burcke,
Head of Communications,
London

Tel:
Mobile:
E-Mail:

 +44 (0)20 7458 5710
+44 (0)7958 767 738
james.burcke@catlin.com 
Liz Morley,
The Maitland Consultancy,
London		 Tel:
E-mail:		 +44 (0)20 7379 5151
emorley@maitland.co.uk
Investor Relations:    
William Spurgin,
Head of Investor Relations,
London

Tel:
Mobile:
E-mail:

 +44 (0)20 7458 5726
+44 (0)7710 314 365
william.spurgin@catlin.com

Notes:

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 Ł450 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 (American Indemnity Company, to be renamed Catlin Insurance Company Inc.), which specialises in underwriting commercial property/casualty insurance for US clients.

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, whilst 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 and San Francisco), Canada (Toronto), Australia (Sydney), Singapore, Malaysia (Kuala Lumpur), Germany (Cologne), Belgium (Antwerp) and Guernsey.  Catlin UK has regional offices in Glasgow, Leeds, Derby, Birmingham and Watford.

4.   For more information about Catlin, please see the Group's website at www.catlin.com.