Founder Mark Shreeve joins Catlin as director
Catlin has acquired underwriting agency Angel Underwriting for an undisclosed sum.
Mark Shreeve, Angel’s managing director and founder, will join Catlin UK as director Angel Underwriting. The Angel office in Colchester will become a Catlin UK regional office.
Angel, based in Colchester, Essex, was established in 2004 as a specialist underwriting agency offering cover for Professional Indemnity and Directors’ & Officers’ liability. Angel has underwritten business as a coverholder on behalf of Catlin UK (Catlin Insurance Company (UK) Ltd.) for the past several years.
Underwriting director for Catlin UK Richard Clapham said: “I am very pleased that Catlin has acquired the business of Angel together with the excellent team based in Colchester. I look forward to working more closely with Mark and his team to strengthen Catlin’s position in the UK regional professional indemnity and D & O markets”
Catlin UK writes numerous classes of non-life insurance for UK businesses and professionals and operates from offices in London, Glasgow, Leeds, Birmingham, Ipswich Tonbridge, Hitchin and now Colchester. Catlin UK has a financial strength rating of ‘A’ (Excellent) from A.M.Best Company.
Shreeve said: “Today is an important step forward for Angel, the resources from the Catlin Group will allow us to accelerate growth whilst continuing to deliver the same high levels of service our agents have come to expect”.