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Hamilton, Bermuda – Catalina Holdings (Bermuda) Ltd (“Catalina”), an industry leader in the insurance legacy space, announces the appointment of Claudia Ingenhoven as CEO of Glacier Re, Catalina’s Swiss subsidiary, effective from 19th August 2020, and Sarah Ruberry as CEO of Catalina General, Catalina’s flagship Bermuda-based reinsurer, effective from early November.
Claudia most recently served as Chief Financial Officer of iptiQ EMEA P&C, Swiss Re’s pan-European white-label P&C insurer. Prior to her time at Swiss Re, Claudia spent over a decade in the run-off arena in a variety of roles with AXA Liabilities Managers, including Group CFO, Head of M&A Integration and CEO of AXA LM Switzerland.
Claudia replaces Martin Kauer who previously held the CEO role since July 2011. Martin has moved to Singapore where he is now CEO of Asia Capital Re (ACR), Catalina’s most recent strategic acquisition.
Sarah, who is a Bermuda resident, brings a broad mix of finance, strategy, risk management and operations knowledge to the role of CEO of Catalina General (CatGen). She joins from StarStone, the specialty insurer, where she was Chief Risk Officer (CRO) of the US and Bermuda operations.
Sarah succeeds Gary Haase, Catalina’s Group Chief Operating Officer, who has held the position since 2017 and will remain a director of CatGen as the Group continues its focus on growing CatGen.
Chris Fagan, Chief Executive of Catalina said: “The appointments of Claudia and Sarah mark important steps in the development of our Swiss and Bermudian operations. I am confident that they will be excellent successors to Martin and Gary, who I would like to thank personally for their standout contributions to Glacier Re and Catalina General respectively.”
About Catalina Holdings (Bermuda) Ltd
Catalina Holdings (Bermuda) Ltd (“Catalina”) is a long-term consolidator in the non-life insurance/reinsurance run-off sector. Catalina was established in 2005 to focus solely on the acquisition and management of non-life insurance/reinsurance companies in run-off. Since its foundation, Catalina has acquired or reinsured $9bn of non-life insurance and reinsurance liabilities. Catalina has received approvals from Bermudian, Irish, Malaysian, Singaporean, Swiss, UK (PRA and FCA) and various US state insurance regulators for prior acquisitions and reinsurance transactions. Catalina operates from 11 global offices situated across the United States, Bermuda, Ireland, United Kingdom and Switzerland. For further details about Catalina’s acquisitions or its management team please refer to www.catalinare.com.