Catlin appoints group claims director
by Richard Kilner
Story link: Catlin appoints group claims director
International specialty property/casualty insurer and reinsurer Catlin Group Limited has announced the appointment of Glenn Brace as the firm’s new group claims director. Brace, who is to join Catlin early next year, will assume responsibility for the firm’s worldwide claims operations. He will be based in London and succeeds Nick Sinfield, who has been promoted [...]
Catlin appoints chief science officer
by Richard Kilner
Story link: Catlin appoints chief science officer
International specialty property/casualty insurer and reinsurer Catlin Group Limited has announced the appointment of Michael Maran to the position of chief science officer. Maran led the firm’s space insurance activities for the last decade and, in his new role, will continue to be based in London. He will work alongside underwriters, risk modellers, actuaries and [...]
Catlin appoints Swiss chief underwriting officer
by Richard Kilner
Story link: Catlin appoints Swiss chief underwriting officer
International specialty property/casualty insurer and reinsurer Catlin Group Limited has announced the appointment of Markus A. Eugster as the firm’s new chief underwriting officer for Catlin Re Switzerland. Eugster, who is to remain in Zurich, joined the firm two years ago as underwriting director and deputy chief underwriting officer at Catlin Re Switzerland. Prior to [...]
Catlin appoints London Casualty head
by Richard Kilner
Story link: Catlin appoints London Casualty head
International specialty property/casualty insurer and reinsurer Catlin Group Limited has announced the appointment of Daniel Curran as the head of Casualty for the underwriting operations based in London. Curran, as head of the Casualty Business Group, will acquire responsibility over a wide range of business classes underwritten by Catlin Syndicate at Lloyd’s and Catlin UK. [...]
Catlin returns to profit in H1
by Richard Kilner
Story link: Catlin returns to profit in H1
International specialty property/casualty insurer and reinsurer Catlin Group Limited has reported its interim financial results for the six months ended 30 June 2012. The firm made pre-tax profits of $231m, with a 13.6% annualised return on equity, compared to a pre-tax loss of $201m in the corresponding period last year. However, H1 2011 was notable [...]
Catlin appoints US CEO
by Richard Kilner
Story link: Catlin appoints US CEO
International specialty property/casualty insurer and reinsurer Catlin Group Limited has announced the appointment of Andrew McMellin to the post of Catlin US chief executive officer. McMellin, presently the firm’s deputy chief underwriting officer, will assume his new position on 1 September and retain his seat upon the Catlin Group Executive Committee. Catlin US has its [...]
Catlin names new Canada chief executive
by Richard Kilner
Story link: Catlin names new Canada chief executive
International specialty property/casualty insurer and reinsurer Catlin Group Limited has announced the appointment of David Huebel as the new Catlin Canada chief executive officer. Huebel, who assumes his new position with effect from 3 July, succeeds Mike Hansen, who will continue as the firm’s Aerospace Product Group global leader. July will also see Greg Joyce [...]
Catlin receives green light for Beijing office
by Richard Kilner
Story link: Catlin receives green light for Beijing office
International specialty property/casualty insurer and reinsurer Catlin Group Limited has been given approval by the China Insurance Regulatory Commission to open and operate a wholly owned representative office in Beijing. The establishment of the representative office will enable Catlin to more closely liaise with relevant departments in the Chinese Government and to conduct market research [...]
Catastrophes reduce Catlin’s annual profits
by Richard Kilner
Story link: Catastrophes reduce Catlin’s annual profits
International specialty property/casualty insurer and reinsurer Catlin Group Limited has reported its results for the year ended 31 December 2011. The firm reported an annual pre-tax profit of US$71m, substantially less than the US$406m it made in the preceding year. The firm incurred US$961m in gross losses from natural catastrophes, with net losses coming to [...]
Catlin announces crisis management partnership
by Richard Kilner
Story link: Catlin announces crisis management partnership
International specialty property/casualty insurer and reinsurer Catlin Group Limited has announced that it has formed a partnership with a pair of specialist risk management consultancies to bolster the service it offers to clients with hijack, kidnap, extortion and wrongful detention exposures. The partnership with Drum Cussac and Compass Risk Management began on 1 January 2012 [...]
Catlin appoints chief administrative officer
by Richard Kilner
Story link: Catlin appoints chief administrative officer
International specialty property/casualty insurer and reinsurer Catlin Group Limited has announced that Adrian Spieler is to join the firm in February when he will assume the position of group chief administrative officer. Most recently he worked for Swiss Re as chief operating officer for the firm’s Asset Management activities in Zurich, New York, London and [...]
Catlin and China Re announce strategic deal
by Richard Kilner
Story link: Catlin and China Re announce strategic deal
International specialty property/casualty insurer and reinsurer Catlin Group Limited has announced that it has formed a strategic partnership with China Reinsurance (Group) Corporation (China Re). The announcement means that a new special purpose syndicate will be set up at Lloyd’s of London, and the quota-share reinsurance underwritten by Syndicate 2088 will enable Catlin to increase [...]
Stephen Catlin wins prestigious award
by Richard Kilner
Story link: Stephen Catlin wins prestigious award
Ernst & Young has awarded Stephen Catlin the prestigious UK Entrepreneur of the Year award. The global award is the first of its kind and recognises entrepeneurs responsible for the founding and successful growth of businesses. More than 140 cities across 50 nations take part in the regional, national and global awards programmes to recognise [...]
Catastrophes cost Catlin in H1
by Richard Kilner
Story link: Catastrophes cost Catlin in H1
International specialty property/casualty insurer and reinsurer Catlin Group Limited has reported its financial results for the first half of 2011. Net premiums earned increased 12%, year-on-year, from $1.6bn to $1.8bn, with gross written premiums up 9% from $2.5bn to $2.7bn and total assets rose from $12.1bn to $13.3bn. Catastrophe events cost the firm (net of [...]
Catlin Re Switzerland Opens Madrid Office
by Richard Kilner
Story link: Catlin Re Switzerland Opens Madrid Office
Catlin Group Limited’s continental European reinsurer Catlin Re Switzerland has announced that it is opening a new office in Madrid. The firm will underwrite treaty reinsurance business from the new office, with effect from 1 July 2011, and the office will be led by Julio Sáez, who joined the firm at the start of this [...]
Catlin reports annual results
by Richard Kilner
Story link: Catlin reports annual results
International specialty property/casualty insurer and reinsurer Catlin Group Limited has reported its financial results for 2010. The firm saw pre-tax profits decline from a record $603m last year to $406m, a drop of around a third. The net underwriting contribution rose, year-on-year, from $651m to $683m, but return on net tangible assets in US dollars [...]
Catlin gets green light in Switzerland
by Richard Kilner
Story link: Catlin gets green light in Switzerland
International specialty property/casualty insurer and reinsurer Catlin Group Limited has announced that Catlin Re Switzerland Ltd. has been given the green light by the Swiss Financial Market Supervisory Authority to operate as a reinsurance company. Catlin Re Switzerland will be capitalised with US$1.1bn, and if Standard & Poor’s Ratings Services’ prediction of last month proves [...]
Catlin appoints European Reinsurance CEO
by Richard Kilner
Story link: Catlin appoints European Reinsurance CEO
International speciality property/casualty insurer and reinsurer Catlin Group Limited has announced the appointment of Peter Schmidt as chief executive officer of Reinsurance in Europe. At the same time he will take on the role of Catlin Re Switzerland CEO. Schmidt joined the firm at the start of the month, and is directly responsible to Group [...]
Catlin hires group treasurer
by Richard Kilner
Story link: Catlin hires group treasurer
International speciality property/casualty insurer and reinsurer Catlin Group Limited has announced the appointment of Andreas Weber as the firm’s new group treasurer. Weber, who is to be based in Zurich, will join the firm in July and be directly responsible to Chief Financial Officer Benjamin Meuli. In his new position he will assume responsibility for [...]
Energy insurers must cope with rising demand
by Richard Kilner
Story link: Energy insurers must cope with rising demand
President of the Insurance Information Institute Dr Robert P. Hartwig has warned that despite the recession the global desire for energy remains undimmed, and rising demand for decades to come must be addressed by insurers and power generators. Dr. Hartwig made his assessment in Prague, at an AEGIS London-hosted energy conference. With the rapidly rising [...]
