Catlin Europe SE with Significantly Extended Network for International Programmes

COLOGNE, Germany, August 28, 2014 /PRNewswire/ --

The European subsidiary of the Catlin Group is pleased to announce a new partnership with Globex International which will enable it to offer its customers additional insurance cover in more than 150 countries. As a result of this strategic partnership, the global options now far exceed those provided solely by Catlin's own network of more than 50 offices in 22 countries.

Insurers of international industrial companies often face the challenge of providing insurance cover for the entire company from a single source even when they don't have branches in all relevant countries. In such cases they generally make use of local insurance companies, so-called fronting partners. Given the different compliance requirements in the different markets where the branches are located, meeting all customer needs through standard solutions is generally not possible. Here, flexible, individual solutions are called for.

"With Globex International we have gained a network partner who further increases our flexibility in the management of international programmes around the globe," says Ralf Tillenburg, CEO of Catlin Europe SE.

The service provider specialising in administration and organisation will help Catlin Europe to become a leading provider of international insurance programmes especially in those market segments that are less attractive to the major insurance companies due to the size of the companies to be insured or the complexity of the individual risks.

"By partnering with Globex, we expand our own specific network significantly. Thus, we are able to offer our customers local alternatives according to their specific needs to provide optimum insurance cover," according to Ralf Tillenburg.

Catlin Europe was set up ten years ago in Cologne with the underwriting of direct insurance risks in continental Europe. The company now has 16 offices in eleven countries. In 2013 the Catlin Group underwrote gross premiums of 5.3 billion USD.

Notes to editors: 

1. Catlin Group Limited, headquartered in Bermuda, is an international specialist property/casualty insurer and reinsurer that underwrites worldwide through six underwriting hubs. Catlin shares are traded on the London Stock Exchange (ticker symbol: CGL). More information about Catlin can be found at http://www.catlin.com.
2. Catlin has established operating hubs in London, Bermuda, the United States, the Asia-Pacific region, Europe and Canada. Through these hubs, Catlin works closely with policyholders and their brokers. The hubs also provide Catlin with product and geographic diversity. Catlin's London hub manages the largest syndicate operating at Lloyd's of London.
3. Catlin's underwriting units are rated 'A' by A.M. Best and Standard & Poor's.
4. Catlin is the title sponsor of the Catlin Seaview Survey, a major scientific expedition that is documenting the health of coral reefs around the world. During 2012 the Survey investigated the Great Barrier Reef off Australia, while during 2013 it studied coral reefs near Bermuda and in the Caribbean. The 2014 Survey is focusing on the Coral Triangle in Asia. The impartial scientific data gathered by the Catlin Seaview Survey is intended to strengthen the understanding of how changes beneath the oceans' surface are impacting the rest of our planet. More information is available at http://www.CatlinSeaviewSurvey.com.

For more information contact:

James Burcke,
Head of Corporate Affairs, London
Tel: +44-(0)20-7458-5710
Mobile: +44-(0)7958-767-738
E-mail: james.burcke@catlin.com