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Community Involvement and Charitable Donations
 
The Group makes charitable contributions and encourages employee involvement in community programmes. Catlin during 2007 established a Group-wide Charity Committee to manage the Group’s charitable contributions and activities on a centralised basis.

The Group has instituted several programmes which encourage employee charitable giving and involvement. Through one of these programmes the Group grants time off to employees participating in Catlin- or Lloyd’s-approved community involvement projects. Under another programme the Group will match funds raised by an employee on behalf of a qualified charity up to an annual limit of US$1,000. In the UK Catlin also operates a payroll “Give As You Earn” programme through which the Group will match qualified employee charitable contributions up to a limit of £600 per year.

For 2008 the Group has selected two charity partners in the UK: Havens Hospices, which provides hospice care for both adults and children who are suffering from life-threatening illnesses, and the Starlight Children’s Foundation, which grants ‘wishes’ to seriously and terminally ill children and provides entertainment to other ill children. Catlin will make a significant financial donation to both charities during the year.

The Group has historically provided support to the Sick Children’s Trust, a UK-based charity which provides support and accommodation for the families of children undergoing hospital treatment. Stephen Catlin is Chairman of the Sick Children’s Trust and other executives contribute time to the charity. During 2006 and 2007, the Group sponsored the Catlin Cup as part of the London Triathlon to encourage triathletes working in the insurance sector to raise funds for the Sick Children’s Trust and other charities.

In Bermuda, the Group’s charitable activities are focused on two initiatives:

  • A partnership with a local secondary school through which Catlin Bermuda will pay tuition and fees for eight students at Bermuda College, as well as other educational benefits, as long as the students attain certain grades, attendance and conduct standards. As part of the initiative, the students are individually mentored by Catlin employees. The goal of the programme is to help alleviate the shortage of native Bermudians with the academic qualifications to enter the international insurance industry; and
  • Sponsorship of the annual ‘End to End’, Bermuda’s largest charitable fundraising event for a three-year period beginning in 2008. More than 2,500 people are expected to participate in this year’s ‘Catlin End to End’ by either walking, swimming, rowing, paddling, cycling or otherwise making their way across the Island in a one-day blitz to raise money for local charities.
Catlin offices in the United States and in other countries also participate in local charities and community involvement programmes. The Group made total charitable donations of US$233,131 during 2007 (2006: US$101,137).

Take a look at the charities we are supporting by clicking on the links below: