Bermuda-based re/insurer Catlin Group Ltd will open a new office in Madrid next month.Catlin will underwrite treaty reinsurance, with effect from July 1, through the new base in the Spanish capital which will be part of the operations of the group’s continental European reinsurer Catlin Re Switzerland.The office will be headed by Julio Sáez, who joined Catlin at the start of this month. The Madrid office will complement Catlin’s existing Barcelona office, which will continue to offer direct insurance solutions for the Iberian market.Mr Sáez was previously head of engineering and senior underwriter at Swiss Re for Spain, Portugal and Latin America.In addition, Daniel Gantner joined Catlin Re Switzerland as underwriting director-casualty on June 1. His appointment completes Catlin Re Switzerland’s senior underwriting team, enabling the company to underwrite all major classes of reinsurance (property, casualty, speciality, trade credit and surety).Catlin Re Switzerland CEO Peter Schmidt said: “Since we began operations in December 2010, we have been very pleased with how the market has received us.“The addition of Daniel Gantner allows us to offer comprehensive reinsurance solutions across all lines of business. The opening of the Madrid office under the direction of Julio Sáez demonstrates our confidence in the Iberian market’s long-term prospects and the benefits of maintaining close relationships with our clients.”Mr Gantner will be responsible for casualty reinsurance underwriting at Catlin Re Switzerland, expanding the company’s range of products into liability, professional lines and motor liability classes.He joins Catlin Re Switzerland from Munich Re, where he most recently served as casualty underwriting consultant.