Catlin US Establishes Equine Insurance Unit in Lexington, Kentucky
12 July 2007
HAMILTON, Bermuda - Catlin Group Limited (‘CGL’: London Stock Exchange), the international specialty property/casualty insurer and reinsurer, announces that Catlin US has established an Equine Underwriting Unit in Lexington, Kentucky.
The Lexington office will be staffed by a four-member equine underwriting team, headed by Sheila Gott. She and her team members -- Erin Easley, Sarah Hays and Nikki Offutt -- have joined Catlin US from XL Insurance.
Sheila Gott has 36 years of experience in the equine insurance industry, most recently with XL Insurance where she served as managing underwriter for six years. Erin Easley has 12 years of experience in the equine insurance industry, including 10 years as a senior underwriter. Sarah Hays contributes 17 years of experience as an equine claims adjuster. Nikki Offutt has worked as a claims assistant and has four years of experience as a veterinarian technician and administrative assistant to an equine orthopedic surgeon.
The team will underwrite various classes of equine business, consisting primarily of Mortality, Named Perils, Theft, Prospective Foal, Barrenness, Stallion AS&D, Stallion First Season Infertility, Stallion Availability, Stallion Loss of Income and Major Medical-Surgical coverages.
Richard Banas, president and chief executive officer of Atlanta-based Catlin US, said:
"I am delighted that Sheila and her team have joined our growing group of specialty insurance businesses in the U.S. Sheila and the team have an exceptional track record and reputation in the Industry and I welcome them to Catlin."
Sheila Gott was formerly vice president and managing underwriter of XL Insurance, where her responsibilities included development, implementation and management of pricing tools and methodologies, rate change management, oversight of internal audit and training of technical staff. Prior to joining XL Insurance, she worked for Great American Insurance Company as a claims adjuster and held various management positions for Old Colony Insurance Service.
The Catlin US Equine Underwriting Unit is located at:
2333 Alexandria Drive
Lexington, KY 40504
Tel: 859 967 8424 or 859 967 8542
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For more information contact:
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Media Relations: |
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James Burcke, |
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+44 (0)20 7458 5710 |
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Investor Relations: |
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William Spurgin, |
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+44 (0)20 7458 5726 |
Notes to editors:
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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 | |
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Catlin’s four underwriting platforms are:
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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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Catlin 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. |