Catlin’s coverage Co. Opens Singapore branch

The Catlin institution constrained introduced the formation of the Singapore department of Catlin coverage enterprise Ltd. of Bermuda. Catlin coverage enterprise Ltd. (Singapore branch) writes specialty strains of direct insurance in Singapore and reinsurance in the course of the Asia-Pacific place.

The Singapore branch, or CICL (SG department), changed into hooked up following the receipt of a “direct license on 23 December 2013 via the economic Authority of Singapore,” stated the declaration. The CICL (SG branch) started out operations as of the first of January 2014 and may be controlled by means of Catlin Singapore Pte. Ltd., Catlin’s present day Singapore-based totally underwriting operation.

Catlin’s statement mentioned that it “has been underwriting nearby and local commercial enterprise from its Singapore workplace due to the fact that 1999 on behalf of Catlin’s syndicate at Lloyd’s of London. The status quo of CICL (SG branch) permits Catlin Singapore to write down commercial enterprise on behalf of both the new branch or the Lloyd’s Syndicate, depending on broker or client desire. Catlin gives the equal degree of service to agents and customers deciding on both sort of paper, such as Catlin’s famend claims carrier.

“The license granted to CICL (SG department) covers all traces of commercial enterprise presently underwritten by means of Catlin within the Asia-Pacific area. CICL (SG department) writes direct enterprise in Singapore and reinsurance at some stage in the area. attention areas for the new department encompass the following:

• Treaty Reinsurance

• twist of fate and health

• belongings

• Aviation

• battle and Terrorism

• Casualty and monetary lines

• energy

• credit and Political hazard

• Marine

• production and Engineering

Mark Newman, CEO of Catlin’s Asia-Pacific underwriting hub primarily based in Singapore, commented: “we are thrilled to announce the established order of a Singapore department of Catlin insurance company Ltd. The formation of CICL (SG branch) underscores Catlin’s company commitment to our clients in Singapore and the Asia-Pacific vicinity and lets in Catlin to amplify our product imparting within the region.”