22nd May 2022
Catalina Holdings(Bermuda),a leader in the insurance legacy retrospective space has announced a change in structure to increase its focus on global expansion, while maintaining its underwriting discipline, and support its growth plans while bolstering its market positioning.
Catalina has established a new team which is focused on global origination with a presence in UK/Europe, North America, Bermuda, and Asia Pacific. The team will be led by Steve Ryland, Catalina’s head of Global Distribution. Steve will focus on the UK and European markets, Parri Spector will focus on North America, and Malcolm Steingold will lead the Asia Pacific region. The team will be supported by the Catalina M&A team which is now led by Graham Taylor.
Steingold joins Catalina on 1st June . He has 39 years of insurance, reinsurance, and associated industry experience, during which time he was appointed, amongst other things, chairman and ceo of Aon Benfield Asia Pacific. During his tenure premium revenue grew from $800m in 2005 to $6bn in 2017.
Ian Parker, Catalina’s Group ceo, comments “Since joining Catalina in February, I have already noticed an increasing number of opportunities in the market. With our new structure, not only do we hope to ensure that we see all the deals being marketed by brokers, banks, and other intermediaries, but also create opportunities ourselves by leveraging our knowledge and contacts to create longer term partnerships. Separating Origination from the M&A process just plays to the strengths of each team and is the next logical step to continue scaling Catalina as an innovative solutions provider to global insurers.”
Catalina Trends(34 articles)