Catlin Group Begins Operations In Middle East

June 5, 2014

Catlin Group Limited, the international specialty property/casualty insurer and reinsurer, has revealed that they have established Catlin Middle East Limited in the Dubai International Financial Centre [DIFC]. Catlin Middle East offers facultative reinsurance to insurers in the Gulf Cooperation Council [GCC] countries, Africa, and parts of South Asia.

A spokesperson said, “Catlin Middle East was granted a Category 4 licence by the Dubai Financial Services Authority [DFSA] to operate as a Lloyd’s coverholder on May 7, 2014. As an authorised entity in the DIFC, Catlin Middle East can provide insurance intermediation and insurance management.”

Dubai city generic

“Catlin Middle East will underwrite on behalf of Catlin Syndicate 2003, the largest in the Lloyd’s market in terms of premium volume. Catlin Middle East is the tenth office within the Catlin Group’s Asia-Pacific underwriting hub and is fully supported by Catlin staff in Singapore.

“Heading the new operation is Dalip Verma, a veteran with 37 years of experience in the general insurance business. Prior to joining Catlin in June 2013, Dalip Verma worked in senior executive positions in India, Australia, the UK and Dubai. Catlin Middle East will be staffed with three underwriters, one underwriting assistant and one personal assistant by September 2014.”

Mark Newman, Chief Executive Officer of Catlin Asia-Pacific, said, “The establishment of Catlin Middle East parallels Catlin’s diversification strategy to build a distinctive and efficient international structure. Our expanded geographical footprint enables us to better take advantage of opportunities, increase awareness of the Catlin brand and work more closely with brokers and their clients.”

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