Catlin Underwriting Agencies Limited to use EQECAT's Gulf of Mexico Offshore Energy Model for Underwriting and Portfolio Risk Management

August 4, 2008

Oakland, CA

EQECAT, Inc., a subsidiary of ABSG Consulting Inc. (ABS Consulting), and the leading authority on extreme-risk modeling, announced today that Catlin Underwriting Agencies Limited, a wholly owned subsidiary of Catlin Group Limited (London Stock Exchange: CGL), an international specialist property, casualty insurer and reinsurer, has licensed EQECAT's Gulf of Mexico Offshore Energy Model (OEM) for underwriting and portfolio risk management.

Financial terms of the agreement were not disclosed.

The EQECAT OEM helps oil and gas producers, insurers and reinsurers to manage hurricane risk for offshore assets. Currently, the model covers exposures in the U.S. Gulf of Mexico. It is part of EQECAT's WORLDCATenterprise™ catastrophe risk management software platform.

Paul Martin, group chief actuary of Catlin Group Limited, emphasized "Catlin is dedicated to using the most advanced technology and resources available to help manage and mitigate hurricane risk in the Gulf of Mexico."

"EQECAT is known for its leading-edge technology, and we are confident that having the EQECAT offshore energy model as part of our decision making process will enable us to continue to make better decisions on risk acceptance and risk transfer," he said.

Tom Larsen, senior vice president of EQECAT, said "we are pleased that Catlin has found that EQECAT's offshore energy model complements their successful energy underwriting business."

"EQECAT is the only modeler able to combine extreme-risk modeling expertise with in-house energy market engineering experience, providing a new standard for modeling natural catastrophe risk in the Gulf of Mexico," he said.

ABS Consulting is a leading independent provider of risk management services in the offshore energy market, providing solutions for marine and offshore operators, business, finance and government.

The EQECAT OEM was launched in May 2007 and is based on rigorous science, engineering research, and robust mathematical methodologies.

For additional information about EQECAT models, please visit www.eqecat.com, or call +1-510-817-3100.

About Catlin Group Limited

Catlin Group Limited, headquartered in Bermuda , is an international specialist property/casualty insurer and reinsurer writing more than 30 classes of business worldwide through four underwriting platforms and an international network of offices. Catlin shares are traded on the London Stock Exchange (ticker symbol: CGL). Gross premiums written during 2007 exceeded US$3.3 billion. More information about Catlin can be found at www.catlin.com.

ABSG Consulting is a Leading Global Provider of Engineering and Risk Management Services

ABSG Consulting Inc. (ABS Consulting) helps clients to achieve sustainable performance improvements in the management of safety, quality, reliability and catastrophe risk. ABS Consulting integrates specialized industry experience, engineering discipline and technology tools to provide pragmatic and effective risk assessment and risk mitigation solutions. ABS Consulting solutions enable clients to reduce their vulnerability to hazards that threaten operational safety, business continuity and the integrity of property or equipment. ABS Consulting services also enable clients to improve operational efficiency, production quality and risk transfer strategies. ABS Consulting serves a broad range of clients including business, finance, industry and governmental organizations. ABS Consulting is headquartered in Houston, Texas. For additional information, please visit www.absconsulting.com.

EQECAT Software Enables Clients Worldwide To Assess, Manage Wide Range Of Risks

EQECAT and its parent ABSG Consulting Inc. (ABS Consulting) serve the global property and casualty insurance industry, major multinational corporations and financial institutions. EQECAT is known as the technical leader and innovator in the development of analysis tools and consulting services to quantify exposure to natural and man-made catastrophic risk.

Through its extreme-risk modeling software platform, WORLDCATenterprise™, EQECAT enables clients to assess and manage potential damage and loss from wind, earthquakes, flood, wildfire, and terrorism, among other perils. WORLDCATenterprise™ includes 177 natural hazard software models for 89 countries spanning six continents.

EQECAT was founded in 1994 and is headquartered in Oakland, California. For additional information, please visit www.absconsulting.com and www.EQECAT.com.

For more information, contact:

Bob Healy
ABS Consulting
1-281-673-2901 | rhealy@absconsulting.com

Eric R. Samansky
The Samansky Group
1-516-319-0858 | eric@samanskygroup.com