Catalina changes its structure to expand
Catalina Holdings (Bermuda) has established a new team 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.
Ryland will focus on the UK and European markets, Parri Spector 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, who joins Catalina on 1 June, is a former chairman and chief executive officer (CEO) of Aon Benfield Asia Pacific. During his tenure, premium revenue grew from $800 million in 2005 to $6 billion in 2017, Catalina said.
“Since joining Catalina in February, I have already noticed an increasing number of opportunities in the market,” Ian Parker, Catalina’s group CEO, said. “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 provides capital and risk management solutions to insurers and reinsurers in the global P&C insurance sector. It has made 31 acquisitions and/or loss portfolio transfers to date and has total reserves of more than $10 billion.
