Stephen Catlin named UK entrepreneur of the year

Catlin chief executive Stephen Catlin was awarded the Ernst and Young UK entrepreneur of the year award last night.

Starting in 1984 with two people, £25,000 of capital and £25,000 of loans in the Lloyds of London market, under Stephen Catlin the company grew to become a global insurance player with a turnover of £2.6bn operating in 52 offices in 22 countries employing more than 1600 staff.

BBC news presenter Fiona Bruce presented the awards at The Park Lane Hilton Hotel.

Richard Hall, UK Entrepreneur of the Year Leader, said: “Stephen built his company in London but showed innovation and vision in exporting his brand across the globe.

“While traditional Lloyd’s companies had never set up operations outside of that market, Stephen recognised the competitive advantage of global expansion including the US, Asia, Europe and Canada.

“It is testament to his instinct that his company, while operating in a sector buffeted by recent catastrophes and disasters, is a global leader making billions and looking to further expand into China, India and Latin America.”