The Catlin Syndicate at Lloyd’s (Syndicate 2003), long regarded as one of the most successful syndicates in the Lloyd’s market, is now the largest.
Following the acquisition of Wellington Underwriting plc, the operations of Syndicate 2020, long a leading syndicate in the market in its own right, have been combined with the Catlin Syndicate to create a syndicate with a 2007 premium capacity of £1.25 billion and with market leadership capability across property, casualty, marine and aviation classes of insurance and reinsurance.
The Catlin Syndicate now has the ability to:
- offer larger lines on larger risks;
- write more than 25 classes of business, including accident and health insurance;
- lead more of the business it underwrites;
- provide even higher levels of client service.
Most importantly, the Catlin Syndicate now has an even greater depth of underwriting talent. Our staff of nearly 200 underwriting professionals can be accessed by brokers both at Catlin’s boxes at Lloyd’s and at Catlin’s London office, where all underwriters work from a single, purpose-built underwriting floor. The syndicate’s underwriters are supported by a wide range of specialists, including a market leading actuarial team as well as a 60-person claims staff.
The Catlin Group owns 100 per cent of the capacity of the Catlin Syndicate.
Catlin’s network of international offices underwrite business on behalf of the Catlin Syndicate. The offices – located in Europe, North America, Asia and Australia – allow the Syndicate to broaden its distribution network, which increases the diversification of the Syndicate’s risk portfolio. The offices also allow the Catlin Syndicate to develop closer relationships with clients and their brokers around the world.
Catlin is a founding member of the ‘G6’ group of managing agents at Lloyd’s which has assumed a leadership position in advocating and instituting reforms in the Lloyd’s marketplace. These reforms are intended to increase efficiency at Lloyd’s.