Catalina Holdings (Bermuda) Ltd, a global provider of capital management and risk transfer solutions, has announced the appointment of Philipp Waldstein as its new chief executive officer (CEO). Waldstein has been serving as group chief investment officer (CIO) and will be succeeding Ian Parker, who is set to retire.
According to a Press release, Waldstein joined Catalina in 2020 and, since joining, played a pivotal role as group CIO and a key member of the executive management team. His influence was described as instrumental in steering Catalina’s strategic shift towards annuity reinsurance, forged through a partnership with Athene. Additionally, Waldstein successfully transformed the investment division.
With over 35 years of experience in insurance asset management and banking, Waldstein brings a wealth of knowledge to his new role. Before Catalina, he served as CIO and later CEO of MEAG, the international asset manager for Munich Re Group. His leadership extended to serving as chairman of the board for MEAG New York Inc. and MEAG Hong Kong Ltd.
Expressing his enthusiasm for the new role, Waldstein stated, “I am honored to be taking on this new role and look forward to working with the talented team at Catalina to continue driving the company’s growth and success.”
Manfred Puffer, chairman of Catalina’s board of directors, welcomed Waldstein’s appointment, saying, “Given his extensive experience and proven success at Catalina, Philipp is best placed to support the value creation for Catalina’s stakeholders. On behalf of Catalina’s board of directors, I am delighted to support Philipp’s appointment as group CEO.”
The announcement also offered appreciation for Parker, acknowledging his contributions during his tenure. According to the Press release, Parker played a key role in the company’s strategic shift from non-life to life insurance.
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