Global Awards 2014 Shortlist
Catlin Re, the reinsurance arm of Catlin, claimed best reinsurer for ability to pay claims with a GWP of less than $2 billion. The reinsurer received an abundance of positive comments and was continuously rated highly in a number of categories, scoring 7.50.
One respondent said that Catlin Re had “a ‘can do’ attitude” and was always happy to pay. They added that there had been serious investment in the claims team resources.
As a group, in 2013 Catlin strengthened its pre-tax profit by 27 percent and its net income by 29 percent during a strong year for the multiclass re/insurer, particularly in its international segment.
Growth was particularly marked at Catlin’s non-London underwriting hubs, which contributed 48 percent of the company’s underwriting, up from 33 percent in 2013. This realignment resulted in a 16 percent increase in non-London premiums written.
Intelligent Insurer Global Awards 2014, Best Reinsurer for Ability to Pay Claims (GWP of less than $2bn), Catlin Re