Catlin is set to establish four new European offices in early 2007 in Paris, Barcelona, Zurich and Innsbruck.
The move forms part of the group's push to open offices in key cities worldwide to access business that would not ordinarily be underwritten by one of Catlin's four underwriting platforms.
Each office will provide access to underwriters specialising in all classes of business underwritten by Catlin worldwide. In addition, underwriters based in each of the offices will
specialise in writing certain classes of business:
• Catlin France in Paris will specialise in underwriting inland marine and cargo insurance.
• Catlin Iberia in Barcelona will specialise in underwriting cargo business for clients in Spain and Portugal.
• Catlin Switzerland in Zurich will specialise in underwriting construction all-risk insurance.
• Catlin Austria in Innsbruck will specialise in underwriting inland marine and cargo insurance.
Following the establishment of the new offices, Catlin will operate offices in six European cities.
Stephen Catlin, Catlin chief executive, said: “The new European offices to be established by Catlin early in 2007 continues the Group's strategy to take advantage of new business opportunities wherever possible, to diversify our book of specialty business, and to develop closer relationships with clients and brokers on a local level. The opening of these offices, combined with our pending offer to acquire Wellington Underwriting plc, will ensure an exciting start to 2007 for Catlin.”
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