Ian Parker, Group CEO, Catalina Holdings
Non-life legacy re/insurance specialist Catalina Holdings has appointed Ian Parker as its new group chief executive. He joins with more than 25 years of experience across all aspects of the P&C industry. He has held leadership roles at various financial services firms, including Equity Red Star, Hardy Underwriting Ltd, Zurich, RBS, and Direct Line Group.
Until December 2020, he was CEO of ERS, the largest motor syndicate at Lloyd’s, where he led a significant turnaround. Lloyd’s is to be a renewed focus area for Catalina.
Parker succeeds Bruce Hemphill, who stepped in as interim CEO from the role of non-executive chairman in February 2021. Hemphill led a strategic review of the business and oversaw the implementation of a new operating model and other business changes designed to deliver improved performance. He will now step back into his previous role as non-executive Chair of the Board.
Caroline Foulger, who has filled in as interim chair since February 2021, will return to her role as senior independent non-executive director.
“I am delighted to welcome Ian to Catalina,” said Hemphill. “The business has made significant progress over the past year. We have clarified the company’s strategy and made operational changes which are delivering improved business results. Catalina is now well positioned as a large, mature, and robustly managed leader in the run-off sector.
“Ian’s broad P&C experience, industry connectivity, and track record of running insurance businesses while creating significant value for private equity owners make him the right person to lead Catalina today. The board and I look forward to working with him and the executive team to deliver new transactions and drive growth in 2022 and beyond.”
Alex Humphreys, Catalina director and partner at shareholders Apollo, said: “Ian is a seasoned insurance executive with an excellent track record, and we’re excited to welcome him to Catalina. We’re confident Ian’s leadership and expertise will help accelerate the next stage of growth, and we look forward to working with him.
“On behalf of the Board and Apollo, I’d also like to thank Bruce for his significant contribution over the last twelve months. He hands over the business in excellent shape and well positioned to capitalise on the market opportunity.”
Ian Parker, Catalina Holdings, Appointment, CEO, Lloyds, insurance, reinsurance, Bermuda