Catalytic Risk Managers Hires Ramsey to Lead Newly Formed Wind Underwriting Team

By a News Reporter-Staff News Editor at Bioterrorism Week -- Specialist property catastrophe underwriting manager, Catalytic Holdings, LLC ("Catalytic" or "the Company"), has hired well-regarded industry veteran Sam Ramsey to lead its newly formed wind underwriting business. Ramsey joins Catalytic from All-Risks Ltd. where he headed the broker's Lloyd's of London underwriting facilities business. Before that, he led the commercial wind underwriting group at ICAT Insurance Managers, LLC. Since joining the Company, Ramsey has assembled a high quality team of underwriters and support staff to execute the Company's wind business plan. The team includes Shannon Johnson and Lindsay Duvall, who previously worked in Catalytic's Earthquake Underwriting Division, Brian Elliott, who joined from ACE Westchester, Tom Olcott from RT Specialty and Dawn Egidy who joins from Rockhill Underwriting Management. Consistent with the Company's plan to become one of the largest players in the U.S. property catastrophe marketplace, Catalytic's new Wind Division can already offer up to $35 million in limits to its wholesale broker partners. Catalytic is deploying its capacity to write a broad cross section of wind-exposed property risks in Florida, Texas and the Gulf, the Carolinas and on the Eastern Seaboard (see also Catalytic Holdings, LLC).

"Sam shares our view that there is a real need in the wind marketplace for a sophisticated property underwriting manager that can efficiently deliver a meaningful amount of cat capacity to our wholesale brokers, and an enhanced value proposition to insurers and capital providers looking to build industry-beating risk portfolios," states Kieran Sweeney, CEO of Catalytic.

"Catalytic has already demonstrated its ability to build capacity and quickly ascend to a leadership position in the Earthquake DIC space," said Sam Ramsey. "I am excited to be given the opportunity to assemble a talented wind underwriting team in my new position. We are fortunate to have underwriting and capital partners working with us who really understand the value proposition we are delivering to our wholesale customers," he continued.

The Company expects to increase its available per-risk limit to $50 million by July 1, 2015 to become one of the largest primary capacity providers in the wind marketplace. About Catalytic Catalytic was founded in 2013 by Align Financial Group, LLC. ("Align"), a Delaware domiciled insurance holding company headquartered in San Diego, California. Catalytic acquired the stock of Western RE Managers, a leading writer of Earthquake DIC risks in December 2013 and merged the Western business with the property cat division of Align. In 2015, the Company entered the U.S. wind underwriting marketplace.

Catalytic currently represents leading international and domestic carrier partners to write stand-alone Commercial Earthquake DIC, Terrorism, Wind, Flood and All other Peril property risks. The Company has offices in San Diego and Los Angeles, California, Chicago, Illinois and Baltimore, Maryland.

The Company's senior management team is comprised of Kieran Sweeney, CEO, Ian Fitt, Vice Chairman, John Johnson, Chief Underwriting Officer, Jon Knouse, Executive Vice President, Sam Ramsey, Executive Vice President and John Sauder, Executive Vice President. The Board of Directors is chaired by Pat Denzer who was formerly CEO of Collins Associates and chairman of Guy Carpenter Americas. View source version on businesswire.com: http://www.businesswire.com/news/home/20150608005340/en/

Keywords for this news article include: Catalytic Holdings LLC.

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