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Catlin acquires BUA book

Bermuda-based Catlin Group Ltd. said Catlin UK has acquired the renewal rights to the professional indemnity and directors' and 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 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.

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.