Catlin Proposes Goldstein, Irby as New Board Members

April 6, 2007

The Board of the Bermuda-based Catlin Group Limited has proposed the appointment of Kenneth Goldstein and Alton F. Irby III as Independent Non-Executive Directors of the Company. The appointments are subject to approval by shareholders at the Company’s Annual General Meeting, to be held on May 24.

Goldstein has held numerous senior positions in the US insurance industry over the past 30 years. He was President and Chief Executive Officer of Universal Underwriters Group until his retirement in 1999. He also was Executive Vice President of St Paul Fire & Marine Insurance Company and President of Swett & Crawford Management Co. He has also “held various management positions at American International Group,” said the bulletin.

Irby has had a distinguished career in the investment banking and insurance sectors. He was a Founding Partner of Hambro Magan Irby, a privately held investment bank, Chairman and CEO of National Westminster Global Investment Banking, Chairman and CEO of Hawkpoint Partners and Founding Partner of Tricorn Partners. He is currently Chairman and Founding Partner of London Bay Capital, a private equity firm based in San Francisco.

Irby also serves as Chairman of ContentFilm plc, and as a Director of McKesson Corp., McKesson UK Ltd., Centaur Media Group, Penumbra Ltd. and Edmiston & Co. He spent the early part of his career with US insurance broker Fred S. James & Company, was subsequently Chairman of Lloyd’s broker Wigham Poland and was ultimately appointed Deputy Chairman of Sedgwick Group Limited.
Catlin also noted that “as previously announced, Jonathan Kelly will retire from the Board of Directors at the conclusion of the Annual General Meeting, as the entitlement under the Group’s Bye-laws for his appointing shareholder to maintain a Director in office will have lapsed. In addition, Richard Haverland is retiring from the Board, effective at the conclusion of the Annual General Meeting.

Catlin Group Chairman Sir Graham Hearne commented: “I am delighted to announce the proposed appointment of Kenneth Goldstein and Alton Irby to the Catlin Board. Ken and Alton have a wealth of experience in insurance and investment banking, and the Group will benefit greatly by the addition of their expertise and independent viewpoints. I would also like to thank Jonathan Kelly and Richard Haverland for their many contributions to the Group’s success.”

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