Press Release

Peter Presperin Appointed Chief Financial Officer of Catlin US

January 11, 2007

HAMILTON, Bermuda – Catlin Group Limited (‘CGL’: London Stock Exchange), the international specialty property/casualty insurer and reinsurer, announces the appointment of Peter Presperin as chief financial officer of Catlin US, Catlin’s underwriting platform in the United States.

Peter Presperin will report to Richard Banas, president and chief executive officer of Catlin US, and will be responsible for Catlin US’s financial management.

Peter Presperin was most recently CFO of discontinued operations for Zurich Financial Services. He previously was executive vice president and CFO of Fireman’s Fund Insurance Co. He has also held financial management positions at The St Paul Companies, Cologne Life Reinsurance Scottish Annuity and Life Holdings, and GE Capital.

Catlin US underwrites specialty classes of property/casualty insurance and reinsurance for US clients. Catlin US includes Catlin Insurance Company Inc., an admitted property/casualty insurance company that will soon begin underwriting business. Catlin US also includes the US operations of Wellington Underwriting plc, which was acquired by Catlin in December 2006, including Wellington Underwriting Inc. and Wellington Specialty Insurance Company, a non-admitted carrier that will soon be rebranded under the Catlin banner. Catlin US also underwrites US business on behalf of other Catlin Group underwriting platforms. Headquartered in Atlanta, Catlin US has 15 offices across the nation.

Richard Banas, president and chief executive officer of Catlin US, said:

"I am delighted to welcome Peter Presperin to Catlin. Peter’s vast financial experience in the insurance industry will be a tremendous benefit to the future growth of Catlin in the United States."

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For more information contact:

 

Media Relations:

James Burcke,
Head of Communications,
Catlin Group Limited, London

Tel:
Mobile :
E-mail:

+44 (0)20 7458 5710
+44 (0)7958 767 738
james.burcke@catlin.com

 

 

Investor Relations:

William Spurgin,
Head of Investor Relations,
Catlin Group Limited, London

Tel:
Mobile :
E-mail:

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



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 four underwriting platforms and an international network of offices. Catlin shares are traded on the London Stock Exchange (ticker symbol: CGL). More information about Catlin can be found at www.catlin.com

2.

On 18 December 2006, Catlin’s offer to acquire Wellington Underwriting plc was declared unconditional. Combined, Catlin and Wellington underwrote gross premiums of US$2.7 billion during 2006 and produced net income of US$428.5 million. At 31 December 2006, Catlin’s total assets amounted to US$8.8 billion and stockholders’ equity amounted to US$2.0 billion.

3.

Catlin’s four underwriting platforms are:

  • The Catlin Syndicate at Lloyd’s of London (Syndicate 2003) is a recognised leader of numerous classes of specialty insurance and reinsurance. The Catlin Syndicate is the largest at Lloyd’s in 2007 based on premium capacity of £1.25 billion.

  • 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. It also writes other classes of business written by the Catlin Syndicate.

  • Catlin US, which encompasses Catlin’s operations based in the United States, including Catlin Inc. Catlin US underwrites a wide variety of specialty property/casualty insurance and reinsurance products from a network of more than 15 offices throughout the U.S.

4.

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. Besides its offices in the UK, US and Bermuda, Catlin operates offices in Canada, Australia, Singapore, Malaysia, Hong Kong, China, Guernsey, Germany, Belgium, France, Spain, Switzerland and Austria.





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