The Bermuda-based Catlin Group Limited announced that it has “significantly strengthened its leadership position in crisis management underwriting with the addition of two experienced product recall insurance underwriters.”
Steven Ward will join Catlin Australia in Sydney as a dedicated product recall class underwriter. He is expected to begin his duties early in 2009. In addition, Ian Bailey has recently joined Catlin’s product recall underwriting team in London as a class underwriter.
Catlin said that with the addition of the new underwriters, its “crisis management team includes six dedicated product recall underwriters globally, with a total of more than 75 years of underwriting experience.”
Ward will develop Catlin’s portfolio of product recall insurance as Catlin Australia’s first dedicated product recall underwriter. He joins Catlin from AIG Australia, where he held a number of underwriting and management positions, including New South Wales general manager, Queensland general manager, regional vice president-crisis management/Asia-Pacific. Ward has 17 years of underwriting experience, across various classes of business including crisis management, marine, aviation and contingency. Prior to joining AIG, he held various roles at CE Heath (Aviation) Pty Limited.
Catlin said “Bailey will focus on developing UK regional product recall business produced by Catlin’s network of UK regional offices.” He was most recently a senior underwriter for AIG in London, specializing in product recall and kidnap and ransom insurance. He previously held underwriting positions at Royal & SunAlliance and Independent Insurance.
Catlin noted that it is a “recognized market leader in product recall insurance underwriting, with product recall underwriters located in the UK, US and Australia.”
The Group offers coverage for “all topical and ingestible products.” It “can offer class leading capacity for malicious product tampering and product extortion risks as well as accidental contamination” as well as “substantial capacity for finished products, such as toys, electrical appliances and clothing.”
Source: Catlin Group – www.catlin.com
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