AGM Statement

Catlin Group Limited
25 May 2007


                       CATLIN GROUP LIMITED AGM STATEMENT

HAMILTON, Bermuda - The Board of Directors of Catlin Group Limited ('CGL':
London Stock Exchange), the international specialty insurer and reinsurer,
released the following statement at the conclusion of the Group's Annual General
Meeting, held 24 May 2007 in Bermuda.

Current Trading

The Group performed strongly in the period ended 31 March 2007, reflecting
generally positive market conditions and continued broker support for Catlin's
enlarged underwriting operations. Gross premiums written during the first
quarter met the Group's targets and amounted to US$1.2 billion, compared with 
approximately US$500 million written by Catlin on a stand-alone basis in the 
first quarter of 2006. Margins should remain strong during the remainder of 
2007, but there is expected to be modest pressure on pricing and volumes.

Business retention in the first quarter, following the acquisition of Wellington
Underwriting plc, was consistent with the favourable experience reported by the
Group during the January renewal season.

Gross premiums written in London were comparable to the combined volumes during
the first quarter of 2006, whilst gross premium volume underwritten in Bermuda
grew. The premium volume written by Catlin's international offices is on track
with the published targets established by management. Catlin US continues to
attract new underwriting teams and build new specialties, which will lead to
increased premium volume during the second half of 2007.

Average weighted premium rates for catastrophe-exposed business increased by 3
per cent during the period ended 30 April 2007, whilst average weighted premium
rates for non-catastrophe-exposed business decreased by 4 per cent. Overall,
average weighted premium rates for all classes of business decreased by 1 per
cent during the period ended 30 April 2007, which is in line with the Group's
expectations. Rate adequacy continues to be good.

The Group's loss experience during the first quarter was benign, reflecting the
relatively low incidence of catastrophic losses. Prior year reserves have
developed according to expectations.

Operating expenditures were well within plan during the first quarter of 2007.

Investment Return

The Group's annualised investment return at 31 March 2007 amounted to 5.7 per
cent, including unrealised gains resulting from the US bond rally in the early
part of the year. The Group is currently reviewing its investment strategy in
the light of the increase in its investment assets.

Other Developments

   •The Group has established four new offices in continental Europe in 2007
    in Paris, Barcelona, Zurich and Innsbruck.

   •Catlin US's strategic growth continues with the addition of experienced
    underwriting teams specialising in equine, crisis management, inland marine
    and excess casualty business, all areas with which the Group has
    considerable experience. In addition, a new office in Cleveland, Ohio, has
    been established.

   •A commercial motor insurance underwriting team has been recruited in
    London and will begin writing business for the Group in the autumn.

   •Catlin is one of the inaugural participants in Lloyd's new reinsurance
    operation in China, Lloyd's Reinsurance Company (China) Ltd, which opened on
    16 April in Shanghai.

Stephen Catlin, chief executive of Catlin Group Limited, said:

'We are very pleased with the performance of the enlarged Catlin Group during
2007. Both the pricing and volumes of business written have met our expectations
At the same time, we have reinforced our commitment to disciplined underwriting.

'Whilst we expect continued downward pressure on rates for more classes of
business throughout the remainder of 2007, we believe that underwriting margins
are still robust. We are prepared for the onset of the Atlantic hurricane
season, having substantially reduced our exposure to catastrophic events over
the past 18 months.

'Following the Wellington acquisition, the Group has never been better
positioned. During the first part of 2007, the Group has been strengthened by
new underwriting teams joining in London, in the US and in the Group's
international offices and by the recruitment of senior managers with a broad
range of experience. The integration continues to be ahead of expectations, and
we are on target to deliver at least the planned synergy savings.

'We look ahead to the remainder of 2007 and beyond with enthusiasm and
confidence.'

Catlin will release its financial results for the six months ending 30 June 2007
on Thursday 6 September 2007.
                                    - ends -

For more information contact:

Media Relations:
James Burcke,                     Tel:        [phone]
Head of Communications, London    Mobile:     [phone]
                                  E-mail:     [e-mail]
   
                                  
Liz Morley, Maitland              Tel:        [phone]
                                  E-mail:     [e-mail]

Investor Relations:
William Spurgin,                  Tel:        [phone]
Head of Investor                  Mobile:     [phone]
Relations, London                 E-mail:     [e-mail] 
                                  
                                  

Notes to editors:

1. Catlin Group Limited, headquartered in Bermuda, is an international 
specialist property/casualty insurer and reinsurer writing more than 30 classes 
of business worldwide through four underwriting platforms and an international 
network of offices. Catlin shares are traded on the London Stock Exchange 
(ticker symbol: CGL). More information about Catlin can be found at 
www.catlin.com.

2. On 18 December 2006, Catlin's offer to acquire Wellington Underwriting plc 
was declared unconditional. Combined, Catlin and Wellington underwrote gross 
premiums of US$2.7 billion during 2006 and produced net income of US$428.5 
million. At 31 December 2006, Catlin's total assets amounted to US$8.8 billion 
and stockholders' equity amounted to US$2.0 billion.

3. Catlin's four underwriting platforms are:

• The Catlin Syndicate at Lloyd's of London (Syndicate 2003) is a recognised 
leader of numerous classes of specialty insurance and reinsurance. The Catlin 
Syndicate is the largest at Lloyd's in 2007 based on premium capacity of £1.25 
billion.

• Catlin Bermuda (Catlin Insurance Company Ltd.), which is a leading participant
in the Bermuda market, underwriting a diversified portfolio of property treaty, 
casualty treaty, political risk and terrorism, and structured risk coverages.

• Catlin UK (Catlin Insurance Company (UK) Ltd.), which specialises in
underwriting commercial non-life insurance for UK clients through a network of
regional offices. It also writes other classes of business written by the Catlin
Syndicate.

• Catlin US, which encompasses Catlin's operations based in the United States. 
Catlin US underwrites a wide variety of specialty property/casualty insurance 
and reinsurance products from a network of offices throughout the U.S.

4. Catlin's international network of offices allows the Group to diversify 
further its risk portfolio and to work more closely with local policyholders 
and brokers. Besides its offices in the UK, US and Bermuda, Catlin operates 
offices in Canada, Australia, Singapore, Malaysia, Hong Kong, China, Guernsey, 
Germany, Belgium, France, Spain, Switzerland and Austria.



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