Catlin Opens New Underwriting Floor

December 20, 2006

Catlin Group Limited announced the opening of its new Underwriting Floor in London.The new facility, located on the Upper Ground Floor of the London Underwriting Centre (also Catlin’s London headquarters), covers 20,000 square meters (over 200,000 sq. ft.), and “has been designed specifically to accommodate Catlin’s 230-member London underwriting staff,” said the bulletin.

Catlin’s underwriters moved in on Monday, Dec. 18. On Tuesday “underwriters who formerly worked for Wellington Underwriting plc moved to the Underwriting Floor after Catlin’s offer to acquire Wellington was declared unconditional,” the bulletin noted (See also related articles).

Chief Executive Stephen Catlin commented: “I am delighted to announce that the new Catlin Underwriting Floor is open to brokers. It was clear as soon as we announced our offer to acquire Wellington that we would need a larger floor to accommodate the enlarged Catlin underwriting staff. While we had a very brief period of time to fit out that new Underwriting Floor, the job was completed on schedule. I am particularly pleased that the former Wellington underwriters have been able to move to Catlin’s offices on the morning after our offer was declared unconditional.

“I am convinced that brokers will find the new Catlin Underwriting Floor more spacious and convenient to use than ever. “

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