Reward at Catlin

We think it is important to say that working at Catlin is about so much more than the value of a pay package. The overall positive culture, the opportunities available, and the excitement of being part of a successful and growing global business are what we believe makes us special, and what gives us a unique edge in the rewards we can offer to our people.

Competitive rewards

The insurance industry is extremely competitive when it comes to recruitment and so Catlin views people retention as a vital component for success.  In addition, it’s important to us that people want to work for Catlin.

Our competitive reward framework underpins our corporate vision of being “the preferred global specialty insurer and reinsurer based on underwriting and claims excellence, delivered by outstanding people”.

Recognising that our business is based on the performance of our people, we provide a competitive and attractive compensation package, regardless of where our people are based in the world.

Sharing in Catlin’s Performance

We are committed to enabling our people to benefit from strong Company results.  Our salaries are competitively positioned in our various global markets, and everyone is eligible to participate in the Group’s annual bonus scheme.  This is directly based on company results, and enables people across the organisation to share in the success of the business, and to be recognised for their contribution towards our performance.

In 2008 we launched all-employee share plans, which are now implemented across our seven largest markets. As the Company expands we expect to roll these out further across our international markets. Such was the success of the international launch of our Sharesave plan that it was recognised externally in 2009 by ’ifs Pro-share’ as being the Best International Share Plan (for companies with less than 1,000 companies outside the UK).

Global Programmes and Structure – locally applied

Whilst we operate a global bonus scheme and, for more senior people, a global performance share plan, we also recognise the diversity and local practices of each market in which we operate. Benefits offered to our people therefore differ by country. In light of our recent significant growth and expansion we are continually reviewing our benefit offerings to ensure that we are giving Catlin people superior levels of financial and well-being protection (through retirement, life assurance and medical schemes), as well as attractive and comprehensive benefits that support our target position of being an employer of choice in our respective market places.