519:, which are powerful ocean currents that circulate warm and cold water around the world's oceans. These currents have a major impact on Earth's climate and weather patterns. While a number of processes drive thermohaline circulation, there are a few that are unique to the Arctic. By collecting data on these processes, scientists associated with Catlin Arctic Survey 2011 hope to determine how important the Arctic is to thermohaline circulation, and what changes are taking place. Research was again conducted from the Catlin Ice Base as well as during a southward trek by three explorers which began at the
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In conjunction with the Catlin
Seaview Survey, Catlin is also the sponsor for the Catlin Global Reef Record. This data base will include images and data collected by the Catlin Seaview Survey as well as information collected by other studies of coral reefs. Beginning in 2013, the Catlin Global Reef
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family. The investment allowed Catlin to establish a second Lloyd's syndicate (Syndicate 2003), which underwrote coverage in parallel with the established
Syndicate 1003. While Syndicate 1003 continued to write coverage on behalf of capital supplied by traditional Lloyd's Names, Syndicate 2003 was
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In addition to the Ice Base, more information is being collected during Catlin Arctic Survey 2010 on the thickness of the sea ice, following on from the 2009 Catlin Arctic Survey. Three explorers are again embarking on a two-month trek across the Arctic sea ice, gathering information that is vital
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hub, which trades under the Catlin US brand, includes business underwritten by Catlin's 17 US offices. These offices underwrite on behalf of US-based insurers owned by the Catlin Group—Catlin
Insurance Company Inc., Catlin Specialty Insurance Company Inc. and Catlin Indemnity Company—as well as the
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In 1999, Catlin incorporated a holding company in
Bermuda, originally called Catlin Westgen Holding Limited and later renamed Catlin Group Limited. Catlin was the first of the traditional Lloyd's of London managing agents to establish a holding company in Bermuda, a strategic move later copied by
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hub includes offices in
Singapore and Kuala Lumpur, which were established in 1999 and were the first offices established by Catlin outside London. The Asia-Pacific hub now includes underwriting offices in Hong Kong, Shanghai, Sydney and Melbourne and representative offices in Tokyo and Mumbai.
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The business underwritten by the hubs is written on behalf of Catlin-owned insurance carriers. These include the Catlin
Syndicate and Lloyd's, Catlin UK, Catlin Bermuda, Catlin Re Switzerland and three insurers (Catlin Insurance Company, Catlin Specialty Insurance Company and Catlin Indemnity
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tragedy in 2001, Catlin expanded its operations and strengthened its balance sheet. In 2002, Catlin raised US$ 532 million in private equity funds from a consortium of investors (including $ 482 million of new equity capital and the provision of a $ 50 million term loan facility). The equity
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The classes of insurance underwritten by Catlin include property, general liability, professional liability/indemnity, energy, aviation, marine hull and cargo, accident and health, specie, satellite, equine and livestock, product recall, construction and engineering, motor fleet, and inland
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hub was established in 2003 with an office in
Cologne. The hub now includes 12 other European offices in Germany, France, Italy, Spain, Switzerland, Belgium, Norway and Austria. It also includes the operations of Catlin Re Switzerland Ltd., a Zurich-based reinsurance company that commenced
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in 1984 by
Stephen Catlin, who today remains chief executive of the Catlin Group. Catlin's first Lloyd's syndicate (Syndicate 1003) began underwriting in 1985 on behalf of Lloyd's Names (private individuals who invested in the Lloyd's market) with a premium capacity of £6 million.
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Catlin is the title sponsor of the Catlin
Seaview Survey, which commenced in September 2012. The Catlin Seaview Survey is a major scientific expedition whose aim is to document the composition and health of coral reefs worldwide. During 2012 the Survey focused on sections of the
496:: ocean change. Under the auspices of the Survey, scientists from British, French and Canadian research institutions are gathering at a purpose-built 'Ice Base' at the edge of the Arctic Ocean to study whether the increase in global carbon emissions is causing increased
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In
October 2006 Catlin announced that it intended to acquire Wellington Underwriting plc, which managed one of the largest syndicates at Lloyd's and had established underwriting operations in the United States: the acquisition was completed on 18 December 2006.
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underwriting at 1 January 2011. Catlin Re Switzerland writes most classes of non-life treaty reinsurance business primarily for clients based in Europe, and it also writes credit and surety classes of reinsurance for a worldwide client base.
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Catlin underwrites more than 30 classes of insurance and reinsurance. The business underwritten by Catlin is divided into product groups: Aviation, Casualty, Energy, Marine, Property, Reinsurance, Specialty, and War & Political Risk.
340:(Syndicate 2003), the largest syndicate at Lloyd's of London in terms of premium volume, and Catlin UK (Catlin Insurance Company (UK) Ltd.), which writes UK regional business as well as London market wholesale business.
458:. The scientific data currently being gathered by the Catlin Seaview Survey is intended strengthen the understanding of how climate change and other environmental changes are likely to affect ocean ecosystems.
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capital, in the form of convertible preferred stock, was provided by a consortium of private equity investors. It was the only company operating at Lloyd's to receive private equity financing in the wake of
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The Group maintains that the underwriting hubs serve to diversify Catlin's underwriting portfolio as the offices within each hub underwrite regional business that would not normally be written at
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Syndicate 1003 grew successfully during its early years, outperforming the Lloyd's market as a whole, particularly during the period from 1988 to 1992 when Lloyd's reported huge financial losses.
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hub consists of the operations of Catlin Bermuda (Catlin Insurance Company Ltd.), which underwrites property and casualty treaty reinsurance and selected classes of specialty insurance.
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insurance and reinsurance, accident & health insurance, equine/livestock insurance, contingency insurance, credit and political risk insurance, credit insurance
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By its 10th anniversary in 1995, Syndicate 1003 had increased its premium capacity to £170 million. During that year, the company received a substantial
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Prior to the Catlin Seaview Survey, Catlin was the title sponsor of the Catlin Arctic Survey, a three-year project to produce scientific data about the
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hub underwrites property/casualty insurance and reinsurance for Canadian clients and operates from offices in Toronto, Montreal, Vancouver and Calgary.
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hub is composed of Catlin's original operation and includes London wholesale insurance and reinsurance business underwritten by the Catlin Syndicate at
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The Catlin Syndicate also benefits from the 'A+' (Strong) financial strength rating assigned by Standard & Poor's to the overall Lloyd's market.
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for scientists to understand the impact of ice cover reduction on ocean acidification. This trek ended in May 2010 when the explorers reached the
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company. Catlin operated six underwriting hubs worldwide and operated more than 55 offices worldwide. It owned the largest syndicate at
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Classes of reinsurance underwritten include property (both catastrophe and pro rata), casualty, marine and aviation, and excess of loss.
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across an unprecedented range of depths. During 2013 the Survey will investigate reefs in several other locations worldwide, including
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Catlin organises its operations into six 'underwriting hubs': London/UK, Bermuda, United States, Asia-Pacific, Europe and Canada.
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or in the London market. The offices also allow Catlin to work more closely with clients and their brokers on a local basis.
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syndicate at Lloyd's. This hub also is responsible for Catlin's two Latin American offices, located in São Paulo and Bogota.
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485:, who trekked nearly 450 kilometres over 73 days. The information gathered by the explorers was subsequently analysed by
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420:. Standard & Poor's has assigned an insurer financial strength rating of 'A' (Strong) to the Catlin Group.
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Record will be made freely available to scientists worldwide to monitor changes in marine environments.
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All of Catlin's underwriting units have been assigned a financial strength rating of 'A' (Excellent) by
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Catlin Arctic Survey 2009 measured the thickness and density of the permanent sea ice floating in the
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Catlin Arctic Survey 2010 focused on what has been described as the 'other' carbon problem beyond
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scientists, who concluded that the Arctic sea ice could disappear during summers within 20 years.
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Catlin Underwriting Agencies Limited (CUAL) was established as an underwriting agency at
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583:"Listing Particulars Relating to Catlin Group Limited's Global Offer of Common Shares"
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On 9 January 2015, it was announced that Catlin Group would be acquired by
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Altogether, Catlin now operates more than 55 offices in 21 countries.
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absorption by the seas. This could potentially lead to increased
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Catlin Westgen Group Ltd announces $ 532m capital raising
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investment from Western General Insurance Company of
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609:"The Independent", Sept. 19, 2006
290:Catlin shares were listed on the
645:"Financial Times," Oct. 31, 2006
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569:"Lloyd's 2011 Annual Report
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714:"Catlin Seaview Survey"
487:University of Cambridge
296:initial public offering
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548:"Annual Results 2014"
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585:March 2004
527:References
521:North Pole
510:North Pole
313:Operations
184:Net income
99:Key people
597:July 2002
483:Pen Hadow
448:Caribbean
418:A.M. Best
334:London/UK
217:insurance
133:aerospace
66:Insurance
46:Traded as
790:Archived
748:26 March
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665:26 March
554:26 March
550:. Catlin
264:Pritzker
149:property
129:Aviation
125:Products
88:Hamilton
62:Industry
452:Florida
444:Bermuda
412:Ratings
404:marine.
345:Bermuda
338:Lloyd's
327:Lloyd's
285:Bermuda
260:Bermuda
239:History
213:Bermuda
197:Website
156:Revenue
92:Bermuda
76:Founded
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456:Hawaii
446:, the
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368:Europe
211:was a
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38:Public
687:4 May
750:2015
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