Catalina Holdings (Bermuda) Ltd, the legacy re/insurance acquisition specialist, appointed industry veteran Ian Parker as group chief executive.
He succeeds Bruce Hemphill, who stepped in as interim CEO after Chris Fagan stepped down. Hemphill will return to his prior role as non-executive chairman. Caroline Foulger, who had taken over for Hemphill as interim chair, will return to her previous role as senior independent non-executive director.
Parker has more than 25 years of experience across all aspects of the P/C industry, including leadership roles at Equity Red Star, Hardy Underwriting Ltd, Zurich, RBS and Direct Line Group. He most recently served as CEO at ERS, the largest motor syndicate at Lloyd’s.
“The business has made significant progress over the past year,” said Hemphill in a statement. “We have clarified the company’s strategy and made operational changes which are delivering improved business results. Catalina is now well positioned as a large, mature and robustly managed leader in the runoff sector. Ian’s broad P&C experience, industry connectivity and track record of running insurance businesses while creating significant value for private equity owners make him the right person to lead Catalina today. The board and I look forward to working with him and the executive team to deliver new transactions and drive growth in 2022 and beyond.”
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CFC Underwriting, the London-based managing general agent and emerging risk specialist, has appointed Richard Ward as non-executive chairman, subject to regulatory approval.
Ward served as CEO of Lloyd’s of London from 2006 until 2013. After that, he was non-executive chairman at Brit Insurance, chairing the syndicate through its IPO and subsequent sale to Fairfax. He was also executive chairman at Cunningham Lindsey Group and non-executive director at Partnership Assurance Group.
Ward is currently the senior independent non-executive director at Direct Line Group and, until recently, was executive chairman of Ardonagh Specialty.
“We are delighted to welcome Richard to CFC. The last 12 months have brought many milestones for our business—from the launch of our new syndicate to a record-breaking private equity deal—and Richard’s arrival is yet another such milestone,” commented David Walsh, group CEO of CFC. “Richard brings a wealth of experience and leadership working with some of the most notable names in our market, including Lloyd’s itself, and will be a tremendous asset to us as we move ahead.”
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InsurTech iBynd has named Tim Logan as vice president of Insurance and Tracy Mollett as VP of Marketing. The company said these new positions will support iBynd’s business strategy, positioning, growth and insurance offerings.
Prior to joining iBynd, Logan served as senior VP of Suracy Insurance Agency, which provides business insurance solutions nationwide to support franchises, small and medium sized businesses, religious institutions, and other organizations. He has over 20 years of commercial insurance expertise, having also worked on the carrier side of the business in underwriting and sales at The Hartford and product innovation at AmTrust.
Mollett comes to iBynd from State Farm-owned GAINSCO, where she created and led go-to-market efforts for national product expansion in the independent agency channel as well as adoption of the GAINSCO product by State Farm agents. Her 25-year career in the insurance industry has spanned leadership positions in sales and marketing, product management, underwriting, system development, user experience, company integrations and customer service for both personal and commercial lines at Amynta, Kemper Insurance, Infinity Property and Casualty, and Leader, part of the Great American family of companies.