Graham Pewter Appointed President and CEO of Catlin, Bermuda

February 27, 2003

Graham C. Pewter, former president and CEO of Commercial Risk Partners Limited, has been appointed as president and chief executive of Catlin Insurance Company Ltd. (CICL) in Bermuda.

“In his new role at Catlin, Graham Pewter will have overall responsibility for the development of CICL, which has capital in excess of $450 million and which began underwriting late last year. CICL will develop a portfolio of both traditional property/casualty and alternative risk transfer (ART) products,” said the bulletin

Pewter will report directly to Stephen Catlin, founder of the Catlin Group and Chairman of CICL, who stated, “I am delighted to welcome Graham to CICL and am eager to begin working with him. With his years of experience in the Bermuda market and his extensive knowledge of both traditional insurance and alternative risk management products, he is the ideal person to lead CICL and oversee its growth.”

“I am joining the Catlin Group at a very exciting time,” Pewter indicated, “both in the development of the organization and in terms of the opportunities in the non life insurance market. I am looking forward to working with all the members of the Catlin team to build CICL into an important player in the Bermuda insurance marketplace.”

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