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Hamilton, Bermuda – Catalina Holdings (Bermuda) Ltd (“Catalina”), an industry leader in the insurance legacy space, subsidiary UK company announces the appointment of Anthony (Tony) Mason as Chair of the UK Boards, and Penny Shaw as Non-Executive Director of the UK Boards.
The appointments follow the planned step down in March 2021 from the UK boards by current long term Chair, Tim Cox, and Independent Non-Executive Director, David O’Connor.
Tony Mason is a qualified actuary and brings a broad mix of experience across investments, audit and risk areas in the insurance industry. He started Lane Clark & Peacock’s general insurance consultancy in the late 1980s specialising in long-tail liabilities before becoming LCP’s Managing Partner. In 2007, he became CEO of the Medical Protection Society and subsequently has held various non-exec and consultancy roles, including with MedPro a Berkshire Hathaway company, bringing significant experience to the Catalina UK Board.
Penny Shaw, has over 25 years of experience in the insurance industry, she is a qualified actuary and risk professional. She most recently held the position of Group Chief Risk Officer for The Hanover and its subsidiary Chaucer, latterly supporting Chaucer through their owner transition. She now holds several non-exec roles and brings further strong experience to the Catalina UK Board.
Steve Ryland, UK Chief Executive of Catalina said:
“I would like to thank Tim and David for all their support in helping to achieve significant change in the UK business. I am really excited to be working with both Tony and Penny to help grow the Catalina UK companies”
Chris Fagan, Group Chief Executive of Catalina said: “
“Tim and David have made significant contributions to the UK boards during a time of growth and change for the Catalina UK companies and I wish them all the best in the future.”
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.