Castelnau Group Regulatory News (CGL)

6 Feb 2006 17:40

Catlin Group Limited06 February 2006 6 February 2006 GENE LEE APPOINTED TO CATLIN GROUP BOARD OF DIRECTORS HAMILTON, Bermuda - Catlin Group Limited ('CGL': London Stock Exchange), theinternational speciality property/casualty insurer and reinsurer, announces theappointment of Gene Lee as a non-executive director, with effect from 3 February2006. Gene Lee is a principal with The Cypress Group, a private equity firm based inNew York. Prior to joining Cypress in 2001, he worked for TH Lee PutnamVentures, a venture capital fund affiliated with The Thomas Lee Company. He hasalso worked for Morgan Stanley and Princes Gate Investors, a venture capitalfund affiliated with Morgan Stanley. He was a member of the Catlin Group's Boardfrom July 2002 through September 2003, prior to the Company's initial publicoffering of common shares. Gene Lee was appointed to the Catlin Group's Board of Directors by CMBP II(Cayman) Catlin Ltd. and CMBP II Parallel (Cayman) Catlin Ltd. under a provisionin the Catlin Group's bye-laws which allows certain major shareholders the rightto appoint a director for a specific period. He succeeds William Spiegel,president of Cypress Advisors Inc, who retired from the Board effective 3February 2006. Sir Graham Hearne, chairman of the Catlin Group, said: "I am pleased to welcome Gene Lee to the Catlin Group Board. Gene has anexcellent knowledge of Catlin's business, having served as a non-executivedirector prior to the Catlin Group's IPO. I would also like to pay tribute toWilliam Spiegel for his invaluable contribution to the Catlin Group, both beforeand after the IPO." - ends - For more information contact: Media Relations:James Burcke, Tel: +44 (0)20 7458 5710Head of Communications, London Mobile: +44 (0)7958 767 738 E-mail: james.burcke@catlin.com Liz Morley, The Maitland Consultancy Tel: +44 (0)20 7379 5151 E-mail emorley@maitland.co.ukInvestor Relations:William Spurgin, Tel: +44 (0)20 7458 5726Head of Investor Relations, London Mobile +44 (0)7710 314 365 E-mail: william.spurgin@catlin.com Notes: 1. The Catlin Group, headquartered in Bermuda, is an international specialistproperty/casualty insurer and reinsurer writing more than 30 classes of businessworldwide. Catlin wrote gross premiums of US$1.43 billion and reported recordnet income of US$154.1 million in 2004. Catlin shares are traded on the LondonStock Exchange (ticker symbol: 'CGL'). 2. The Catlin Group currently operates three underwriting platforms: • The Catlin Syndicate at Lloyd's of London (Syndicate 2003). The Catlin Syndicate is one of the 10 largest syndicates at Lloyd's based on 2006 premium capacity of £450 million. It is a recognised leader of numerous classes of specialty insurance and reinsurance. Over the past 20 years, the Catlin Syndicate and its predecessors have consistently outperformed the Lloyd's market as a whole. • Catlin Bermuda (Catlin Insurance Company Ltd.). Catlin Bermuda underwrites property treaty and casualty treaty reinsurance and property and casualty insurance for US risks on a surplus lines basis. • Catlin UK (Catlin Insurance Company (UK) Ltd.). Catlin UK specialises in writing commercial property, general liability, professional indemnity, directors' and officers' liability and commercial crime insurance for UK clients. It also writes other classes of business written by the Catlin Syndicate. All three Catlin underwriting platforms have a financial strength rating of 'A'(Excellent) from A.M. Best Company. In addition, Catlin announced in September 2005 that it had reached an agreementto purchase a shell insurance company which is an admitted insurer in 27 USstates. Subject to completion of the acquisition and regulatory approval, thiscompany will be renamed Catlin Insurance Company Inc. and become the Group'sfourth underwriting platform, writing property/casualty coverage for UScommercial clients that require coverage written on an admitted basis. The Catlin Group also has established offices in the US, UK, Guernsey, Canada,Germany, Belgium, Singapore, Malaysia and Australia. These offices, whichunderwrite on behalf of Catlin's underwriting platforms, allow Catlin to workmore closely with local clients and their brokers. 3. More information about Catlin can be found on the Group's website:www.catlin.com. This information is provided by RNS The company news service from the London Stock Exchange