Catalina snares Derrick Irby as group CFO

Catalina Holdings has snared Derrick Irby as its new group chief financial officer.

He is based in Bermuda oversees Catalina’s group finance operation, developing the business across multiple geographies and driving growth and strategic development. He takes up his post on May 1 and replaces Chris Fleming, who has been with Catalina since its first acquisition of OPRe in 2005.

Irby has 22 years of experience advising and leading the finance activities of re/insurance companies, including structuring re/insurance and capital markets transactions, strategic investments, mergers and acquisitions and related integration activities.

He was most recently head of finance for P&C insurance and reinsurance at AXA XL, and has held senior financial and leadership roles in the reinsurance division of XL and its acquired companies.

Chris Fagan, chief executive officer at Catalina Holdings, thanked Fleming for his years of service. “He has made a significant contribution to Catalina’s development and has been an important member of the senior team,” he said.

He welcomed Irby’s “extensive experience as a senior finance professional in insurance and reinsurance, including in the public markets.”