Catalina
-
The executive joined the legacy carrier as CIO in 2020. -
The bids received did not meet the seller’s reserve price, and it is likely to remarket the unit in two to three years.
-
The legacy carrier reported unrealised losses of more than $345mn for 2022, up from $78mn the year prior.
-
In the wake of Enstar's $5.1bn go-private deal, here's our prior deep dive on the firm.
-
Investment bank Macquarie has been retained to advise the legacy firm on the disposals.
-
Dean Dwonczyk established Catalina in 2005 with former UK CEO Chris Fagan, who exited the business in February 2021.
-
The legacy acquirer will reweight its portfolio towards life run-off, moving away from P&C deals which it deems less attractive, sources said.
-
CEO Marc Rowan said P&C business is “not that attractive”.
-
The executive – who is working with former colleague Mayur Patel – has retained JP Morgan to advise on the raise.
-
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.
-
The appointment comes after Catalina formed a new team, appointing former head of global distribution Steve Ryland to lead it.
Most Recent
-
Warburg and Kelso exercise 20% put options over Arch’s Somers Re
24 January 2025 -
Guy Carp pegs Eaton, Palisades insured loss at $30bn-$40bn
24 January 2025 -
Changing market cycles, competition and AI to dominate 2025: QBE
24 January 2025 -
Daily Digest: Top news from 24 January
24 January 2025 -
Allianz Commercial names Ly commercial MD for UK
24 January 2025 -
Ki completes separation from Brit
24 January 2025