The Bermuda-based Catlin Group Limited announced the appointment of Peter Presperin as CFO of Catlin US, the group’s recently established underwriting platform in the United States.
Presperin will report to Richard Banas, Catlin US president and CEO, and will be responsible for Catlin US’s financial management. He was most recently CFO of discontinued operations for Zurich Financial Services, and was previously executive VP and CFO of Fireman’s Fund Insurance Co. Presperin has also held financial management positions at The St Paul Companies, Cologne Life Reinsurance Scottish Annuity and Life Holdings, and GE Capital.
Catlin US underwrites specialty classes of property/casualty insurance and reinsurance for US clients. Its operations include Catlin Insurance Company Inc., an admitted P/C insurance company that will soon begin underwriting business.
Catlin US now also includes the US operations of Wellington Underwriting plc, which was acquired by Catlin in December 2006, including Wellington Underwriting Inc. and Wellington Specialty Insurance Company, a non-admitted carrier that will soon be re-branded under the Catlin banner (See related article in “International” section). Catlin US also underwrites US business on behalf of other Catlin Group underwriting platforms. Headquartered in Atlanta, Catlin US has 15 offices across the nation.
President and CEO Richard Banas commented: “I am delighted to welcome Peter Presperin to Catlin. Peter’s vast financial experience in the insurance industry will be a tremendous benefit to the future growth of Catlin in the United States.”
Topics USA Underwriting
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