5 June 2019News

Insurance veteran Stephen Catlin joins technology investment firm

Motive Partners, a US-based investment company focused on the technology sector, has named Bermuda insurance veteran Stephen Catlin to its Global Advisory Council (GAC).

Catlin was the founder and CEO of Bermuda-based specialty insurance and reinsurance company Catlin Group, before it was acquired by XL Group in 2015. In 2018 XL Catlin was acquired by Axa.

After a brief hiatus from the insurance industry Catlin recently announced his return with the launch of Convex, a specialty reinsurer focused on complex risks, partnering with former XL Catlin colleague, Paul Brand. Convex launched with an initial capital commitment of $1.8bn.

The GAC was established in 2017 to provide Motive and its portfolio companies with strategic guidance and extend connectivity across technology, financial services and investment management.

Catlin brings a wealth of experience of the re/insurance sector to the council, which also includes Sir Douglas Flint, chairman of Standard Life Aberdeen; Rosemary Leith, founding director of the World Wide Web Foundation; Peter Leukert, group CIO at Deutsche Telekom; James Neary, managing director of Warburg Pincus; Henry Ritchotte, former COO of Deutsche Bank; Lawrence Summers, a former Secretary of the US Treasury; John Thompson, chairman of Microsoft; Romesh Wadhwani, chairman and CEO of Symphony Technology Group; and Paul Walker, former co-head of technology at Goldman Sachs.