Catalina
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Insurance Insider selects 10 exclusive news stories reported by our team on the frontline at Monte Carlo Rendez-Vous. -
The legacy carrier had already been engaging with managing agents ahead of the launch to scope out the opportunity for a starter RITC deal.
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The appointment comes after Catalina formed a new team, appointing former head of global distribution Steve Ryland to lead it.
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The legacy carrier had been an interested in acquiring the Coverys managing agency as a route to entry.
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Loh Wei-Lyn has been promoted to CEO of Asia, while Luann Petrellis has joined as US CEO.
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The legacy acquirer also struck a quota share deal for UK builders warranty insurance in 2021.
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Plus the lowdown on the potential Howden-TigerRisk tie-up and all the top news of the week.
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Catalina’s group head of distribution Steve Ryland will spearhead the new team.
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The sale process is in the early stages of marketing, and bids are expected later in May.
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The firm’s exposure to the Ukraine-Russia conflict, as well as a loss portfolio transfer, were confirmed in a performance update.
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Head of M&A Mayur Patel is leaving the legacy specialist, while its Asian CEO Martin Kauer is retiring.
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Interim chief Bruce Hemphill has returned to his role as non-executive chairman after 12 months of turnaround work at the legacy carrier.
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