In 1984 Stephen Catlin founded his two-person syndicate Catlin Underwriting Agencies Limited at Lloyd’s of London (Lloyd’s). From there it grew into a global insurer that wrote US$6bn in annual premium volume when it was acquired in 2015. The Group operated out of six underwriting hubs, had offices in 55 countries, employed over 2,500 people and wrote over 30 classes of business.
Catlin owned the largest syndicate at Lloyd’s, regularly outperformed the market and its listing on the London Stock Exchange in 2004 was several times oversubscribed. Yet the reason for this success and growth is not down to one person, it was entirely down to teams of people who truly believed in the Catlin ethos and culture.