Catalina
-
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.
-
The legacy carrier had been an interested in acquiring the Coverys managing agency as a route to entry.
-
Loh Wei-Lyn has been promoted to CEO of Asia, while Luann Petrellis has joined as US CEO.
-
The legacy acquirer also struck a quota share deal for UK builders warranty insurance in 2021.
-
Plus the lowdown on the potential Howden-TigerRisk tie-up and all the top news of the week.
-
Catalina’s group head of distribution Steve Ryland will spearhead the new team.
