The Bermuda-based Catlin Group Limited announced that David Ibeson, currently chief executive of the Catlin Syndicate at Lloyd’s, has also been appointed chief executive of Catlin Insurance Company (UK) Ltd.
He will succeed Andreas Loucaides, who has resigned from Catlin. The appointment is subject to approval by the UK Financial Services Authority.
“Catlin UK specializes in underwriting commercial non-life insurance for UK clients through a network of regional offices,” said the announcement. “In addition, Catlin UK underwrites other classes of commercial business which are also written by the Catlin Syndicate. Catlin UK wrote gross premiums totaling US$439 million (£222 million) during 2007.”
Ibeson joined Catlin in December 2006 following Catlin’s acquisition of Wellington Underwriting plc. He joined Wellington in 1994 and held a variety of positions, including Executive Director, Group Underwriting Director, Chief Executive of Wellington Underwriting Agencies Limited and Active Underwriter of Lloyd’s Syndicate 2020. He previously had been a consulting actuary in the non-life sector, and he is a Fellow of the Institute of Actuaries.
Source: Catlin Group – www.catlin.com