Catlin Re Switz. to Open Madrid Office; Augments Underwriting Staff

June 16, 2011

Catlin Re Switzerland, the continental European reinsurer of the Bermuda-based Catlin Group Limited, announced that as of July 1, 2011, it will underwrite treaty reinsurance business from a new office in Madrid, focusing on property, casualty and specialty classes of reinsurance business for clients in Spain and Portugal

Catlin Re has appointed Julio Sáez, who joined Catlin on June I, 2011, to head the office. The Madrid office will complement Catlin’s existing Barcelona office, which will continue to offer direct insurance solutions for the Iberian market.

He previously served as Head of Engineering and Senior Underwriter at Swiss Re for Spain, Portugal and Latin America. Sáez has been in the insurance industry for 24 years. He is a naval engineer and holds an MBA from the IESE Business School in Madrid.

The bulletin also noted that Daniel Gantner joined Catlin Re Switzerland as Underwriting Director-Casualty on the first of June. “His appointment completes Catlin Re Switzerland’s senior underwriting team, enabling the company to underwrite all major classes of reinsurance (property, casualty, specialty, trade credit and surety).”

As Underwriting Director-Casualty based in Zurich, Gantner will “be responsible for casualty reinsurance underwriting at Catlin Re Switzerland, expanding the company’s range of products into liability, professional lines and motor liability classes,” said the bulletin.

Gantner joins Catlin Re Switzerland from Munich Re, where he most recently served as Casualty Underwriting Consultant. Previously, he was with Swiss Re as Senior Product Manager for casualty with key responsibility for the European and Asian portfolios. Daniel Gantner, who holds a PhD in natural science, has 20 years’ experience in international casualty reinsurance.

Peter Schmidt, CEO of Catlin Re Switzerland, commented: “We want to be valued by our clients for our technical expertise, excellent financial strength and our ability to make decisions swiftly. Since we began operations in December 2010, we have been very pleased with how the market has received us.

“The addition of Daniel Gantner allows us to offer comprehensive reinsurance solutions across all lines of business. The opening of the Madrid office under the direction of Julio Sáez demonstrates our confidence in the Iberian market’s long-term prospects and the benefits of maintaining close relationships with our clients.”

Source: Catlin Group

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