On 18 November 2011, Catlin Group Limited (Catlin) announced the formation of a strategic partnership with China Reinsurance (Group) Corporation (China Re), the biggest reinsurance company in China.

The partnership will result in the establishment of a new syndicate at Lloyd’s of London (Lloyd’s), which will be managed by Catlin and funded by China Re. The syndicate would allow Catlin to increase premium volume without seeking additional capital from its shareholders. China Re’s contribution to the syndicate marks the first direct investment into Lloyd’s by a China based company.

The partnership will enable Catlin to expand its knowledge of insurance and reinsurance practices in China and will enable China Re to gain a better knowledge of Lloyd’s and to benefit from Lloyd’s worldwide network.