Catlin Group Limited, announces that Catlin UK has acquired the renewal rights to the professional indemnity and directors’ & officers’ liability books of business underwritten by Bennett Underwriting Agencies Ltd (‘BUA’).
BUA, based in Hitchin, Hertfordshire, was established in 1998 as a specialist underwriting agency specialising in insurance coverage for professionals. BUA has underwritten business as a coverholder on behalf of Catlin UK (Catlin Insurance Company (UK) Ltd.) for the past several years.
Richard Bennett, BUA’s managing director and founder, will join Catlin as regional professional indemnity manager. The BUA office in Hitchin will become a Catlin UK regional office.
Richard Clapham, underwriting director for Catlin UK, said:
“I am very pleased that Catlin UK has acquired renewal rights from Bennett Underwriting Agencies. I look forward to working more closely with Richard Bennett and his team to strengthen Catlin’s position in the UK regional professional indemnity market.”
Catlin UK underwrites numerous classes of non-life insurance for UK businesses and professionals and operates from offices in London, Glasgow, Leeds, Birmingham, Ipswich, Tonbridge and now Hitchin. Catlin UK has a financial strength rating of ‘A’ (Excellent) from A.M. Best Company.
