This version of Worldwide Folks Strikes particulars appointments at legacy acquisition specialist Catalina Holdings (Bermuda), Willis Towers Watson (WTW) and BMS Canada.
A abstract of those new hires follows right here.
Legacy Acquirer Catalina Appoints ERS’ Parker as CEO
Catalina Holdings (Bermuda) Ltd., the legacy re/insurance coverage acquisition specialist, introduced the appointment of Ian Parker as new group chief govt.
Parker succeeds Bruce Hemphill, who moved from the function of non-executive chairman to become interim CEO in February 2021, when the earlier CEO, Chris Fagan, stepped down.
During the last 12 months, Hemphill led a strategic overview of the enterprise and oversaw the implementation of the ensuing working mannequin and different enterprise modifications which have been designed to ship improved efficiency with higher operational focus.
With implementation effectively underway, Hemphill will now step again into his earlier function as non-executive chair of the board, stated the corporate in a press release.
Caroline Foulger, who stepped in for Hemphill as interim chair in February 2021, will step again into her earlier function as senior unbiased non-executive director.
Parker has greater than 25 years of expertise throughout all elements of the P/C trade. He beforehand held management roles at main monetary companies companies together with Fairness Purple Star, Hardy Underwriting Ltd., Zurich, RBS and Direct Line Group. In his most up-to-date place at ERS, the most important motor syndicate at Lloyd’s, Parker was CEO for seven years and led a significant turnaround leading to vital worth creation for its buyers.
Parker has a powerful operational monitor report and has labored intently with regulators throughout a number of jurisdictions. He has deep expertise with all of Catalina’s key markets in addition to Lloyd’s, which is a renewed focus space for Catalina. Parker joins the corporate with fast impact.
“I’m delighted to welcome Ian to Catalina. The enterprise has made vital progress over the previous 12 months. We now have clarified the corporate’s technique and made operational modifications that are delivering improved enterprise outcomes,” commented Hemphill, Catalina’s chairman and outgoing group chief govt.
“Catalina is now effectively positioned as a big, mature, and robustly managed chief within the run-off sector. Ian’s broad P/C expertise, trade connectivity, and monitor report of operating insurance coverage companies whereas creating vital worth for personal fairness homeowners make him the correct particular person to steer Catalina at the moment,” he added.
“I’m very excited to hitch Catalina at this inflection level and see great alternatives forward for the enterprise. With its renewed strategic focus, improved operations, and monetary help of its homeowners, Apollo and RenaissanceRe, Catalina is effectively set to additional consolidate its management place within the run-off market and to go from power to power,” based on Parker.
Catalina Holdings (Bermuda) Ltd. was established in 2005 to focus solely on the acquisition and administration of non-life insurance coverage/reinsurance firms in run-off. Since its basis, Catalina has acquired or reinsured $10 billion of non-life insurance coverage and reinsurance liabilities. Catalina has acquired approvals from Bermudian, Irish, Malaysian, Singaporean, Swiss, UK (PRA and FCA) and numerous U.S. state insurance coverage regulators for prior acquisitions and reinsurance transactions.
WTW Hires Former Aon Exec Grimwade for D&F Group
Insurance coverage dealer WTW introduced a key appointment of Matt Grimwade as consumer relationship director for Giant and Advanced Dangers, reporting to Garret Gaughan, head of International Markets Direct & Facultative.
Grimwade was previously head of EMEA Enterprise Growth at Aon. Grimwade might be liable for advanced property placements for purchasers throughout the International Markets Direct & Facultative Line of Enterprise. He’ll present purchasers with entry to the worldwide market to develop market-leading threat options. He will even be liable for product growth and new enterprise development.
“We’re delighted to welcome Matt to the WTW staff. He brings over 25 years of in depth trade expertise and his appointment coincides with the continuing enlargement of our international P/C enterprise. Matt is well-known to purchasers in addition to markets. His appointment demonstrates our dedication to develop by offering a solution-oriented, revolutionary strategy for our purchasers,” commented Garret Gaughan, head of International Markets, Direct & Facultative.
BMS Names Former Aon Exec Matheson as Canadian Chairman
BMS, the London-based unbiased specialist re/insurance coverage dealer, introduced the appointment of Ian Matheson as a non-executive chairman of BMS’ Canadian operations, efficient Feb. 1, 2022. Matheson will help Brian Gomes, president and CEO of BMS Canada and the nationwide management staff.
Matheson is a extremely skilled threat administration skilled with a powerful profession historical past. Earlier than his BMS appointment, he spent 15 years at Aon and its subsidiaries, the place he held a number of senior roles together with chief govt officer of its Captive Providers (Canada), chief growth officer and director, and as chief consulting officer and director of Danger Administration Consultants of Canada Ltd.
He additionally has held the place of senior threat officer at each Genstar Corp. and Harrowston Inc., and he’ll proceed as principal and chief consulting officer of IRGM GLOBAL Danger Administration Consultants Ltd.
All through his profession, Matheson has taken a management function in quite a lot of high-profile offers, notably in relation to tax indemnity insurance coverage, M&A representations, and environmental price cap insurance coverage, in addition to enterprise threat administration (ERM). Most lately, he was liable for the event of recent FP 500 purchasers and an revolutionary suite of merchandise and options.