Press Releases

Simon Shrimpton Promoted to Senior Marine Hull Underwiter

5 June 2009

 

HAMILTON, Bermuda – Catlin Group Limited (‘CGL’; London Stock Exchange), the international specialty property/casualty insurer and reinsurer, announces that Simon Shrimpton has been promoted to senior marine hull underwriter in its London office.

 

In his new role, he will head Catlin’s six-person team underwriting hull business on behalf of the Catlin Syndicate, the largest syndicate at Lloyd’s, and Catlin UK.

 

Simon Shrimpton has been a Catlin class underwriter specialising in marine hull business since July 2003.  Prior to joining Catlin he was a marine hull underwriter from 2001 to 2003 with Royal & Sun Alliance, with joint responsibility for one of the largest accounts in the London market.  He entered the insurance business in 1986 when he joined the composite Lloyd’s marine syndicate managed by L G Cox & Co, where he served as claims manager before joining the underwriting team in 1992, writing both short-tail commercial and marine hull business.

 

James Farquhar, marine business group leader at Catlin, said:

 

“I am pleased to announce that Simon Shrimpton has been promoted to senior underwriter and will head our marine hull team.  Simon has been a key member of marine hull team for the past six years, during which he has demonstrated his skills and leadership qualities.  Catlin’s leading position in the London hull market will be reinforced through Simon’s new role.”

 

Catlin is one of the largest London based hull underwriters, both by premium and individual risk capacity, and has written marine hull coverages since Catlin began underwriting in 1985. Catlin leads almost half of the marine hull business it underwrites and insures vessels of all sizes, from small craft to the largest ocean-going ships.  Catlin writes a broad range of sub-classes of hull business, notably hull & machinery, increased value, builders’ risks, yachts, marine property and war risks. Constructions risks are also written, ranging from short refits to the building of giant cruise liners and military vessels.

 

- ends -

 

For more information contact:

 

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, Maitland

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 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). Gross premiums written in 2008 exceeded US$3.4 billion. More information can be found at www.catlin.com.
2.  

 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 was the largest at Lloyd's in 2008 based on fross premiums written of US$2.4 billion. Catlin also operates a life syndicate at Lloyd's (Syndicate 3002).
  • 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. A Guernsey Branch of Catlin Bermuda underwrites life 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. In addition, Catlin UK underwrites many other classes of commercial insurance.

  • Catlin US, which encompasses Catlin's operations based in the United States. Catlin US underwrites a wide variety of specialty property/casualty insurance and reinsurance products from a network of offices throughout the United States. 

3.  

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 Australia, Austria, Belgium, Bermuda, Brazil, Canada, China, France, Germany, Guernsey, Italy, Japan, Malaysia, Norway, Signapore, Spain, Switzerland, the United Kingdom and the United States.

 4.   Catlin Group Limited is the title sponsor of the Catlin Arctic Survey, a major scientific expedition to measure the thickness and density of the permanent ice surrounding the North Pole.  The project’s aim is to help scientists determine, with a much greater degree of accuracy, when this ice could disappear as a result of global warming.  More information is available at www.catlinarcticsurvey.com.